<SEC-DOCUMENT>0001001807-11-000024.txt : 20110429
<SEC-HEADER>0001001807-11-000024.hdr.sgml : 20110429
<ACCEPTANCE-DATETIME>20110429090738
ACCESSION NUMBER:		0001001807-11-000024
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110429
FILED AS OF DATE:		20110429
DATE AS OF CHANGE:		20110429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
		CENTRAL INDEX KEY:			0001001807
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14406
		FILM NUMBER:		11791184
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pttelkom6-k2011q1.htm
<DESCRIPTION>PT TELEKOMUNIKASI INDONESIA TBK
<TEXT>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">Washington, D.C. 20549</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 6-K</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">UNDER THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">For the month of </FONT></B><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">April</FONT></U></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">, 2011</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=IT color=windowtext face="Times New Roman,serif">Perusahaan Perseroan (Persero)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=IT color=windowtext face="Times New Roman,serif">PT Telekomunikasi Indonesia Tbk.</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Exact name of Registrant as specified in its charter)</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telecommunications Indonesia</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(a state-owned public limited liability company)</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Translation of Registrant&#8217;s name into English)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Jalan Japati No. 1 Bandung-40133 INDONESIA</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Address of principal executive office)</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[Indicate by check mark whether the registrant files or will file annual</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">reports under cover of Form 20-F or Form 40-F.]</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 20-F </FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#254;&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 40-F&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#168;&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[Indicate by check mark whether the registrant by furnishing the information</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">contained in this Form is also thereby furnishing the information to the</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">1934]&nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Yes </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#168;&nbsp;</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">No </FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#254;&nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[If &#8220;yes&#8221; is marked, indicate below the file number assigned to the registrant</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">in connection with</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Rule 12g3-2(b): 82-</FONT></B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">]&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">SIGNATURES</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">registrant has duly caused this report to be</FONT></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">signed on behalf by the</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">undersigned, thereunto duly authorized.</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">Perusahaan Perseroan (Persero)</FONT></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">PT TELEKOMUNIKASI INDONESIA,TBK</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Registrant)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Date</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 29, 2011</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">By&nbsp;&nbsp;&nbsp;&nbsp; /s/ Agus Murdiyatno</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Agus Murdiyatno</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vice President Investor Relation</FONT></B></P></TD>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 18pt" lang=FI color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 18pt" lang=FI color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 18pt" lang=EN-US color=windowtext face="Times New Roman,serif">AND SUBSIDIARIES</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 13pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED FINANCIAL STATEMENTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 13pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 13pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011 (UNAUDITED)</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 13pt" lang=EN-US color=windowtext face="Times New Roman,serif">AND THREE MONTHS PERIOD ENDED </FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 13pt" lang=EN-US color=windowtext face="Times New Roman,serif">MARCH 31, 2010 AND 2011 (UNAUDITED)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 14pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011 (UNAUDITED) AND</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 (UNAUDITED)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">TABLE OF CONTENTS</FONT></B></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Consolidated Financial Statements</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt 0in" align=left>
   <A href="#CONSOLIDATEDSTATEMENTOFFINANCIALPOSI"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Consolidated Statements of Financial Position (Balance Sheets)</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1-3</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt 0in" align=left>
   <A href="#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVE"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Consolidated Statements of Comprehensive Income</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4-5</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt 0in" align=left>
   <A href="#CONSOLIDATEDSTATEMENTSOFCHANGESINSTockho"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Consolidated Statements of Changes in Stockholders&#8217; Equity</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6-7</FONT></P></TD></TR>

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   <A href="#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Consolidated Statements of Cash Flows</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8-9</FONT></P></TD></TR>

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   <A href="#NOTESTOCONSOLIDATEDFINANCIALSTATEMENT"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Notes to Consolidated Financial Statements</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10-130</FONT></P></TD></TR></TABLE></DIV>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><A name=CONSOLIDATEDSTATEMENTOFFINANCIALPOSI></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(BALANCE SHEETS)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ASSETS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CURRENT ASSETS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash and cash equivalents</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2e,5,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,119,849</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,645,475</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,222,564</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Temporary investments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2f,2s,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">370,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">380,047</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,646</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2g,2s,6,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties - net of allowance for
      doubtful accounts of Rp.151,266 million in 2010 and Rp.88,897 million in
      2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">780,043</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,124,366</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">129,126</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties - net of allowance for doubtful
      accounts of Rp.1,294,078 million in 2010 and Rp.1,461,089 million in
      2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,563,666</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,611,144</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">414,717</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other receivables - net of allowance for
      doubtful accounts of Rp.6,304 million in 2010 and Rp.6,164 million in
      2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2g,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">90,140</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,906</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,636</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Inventories - net of allowance for
      obsolescence Rp.83,286 million in 2010 and Rp.87,730 million in
      2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2h,7,36</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">515,536</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">553,137</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,524</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances and prepaid expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2i,8,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,441,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,298,167</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">378,773</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Claims for tax refund</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">133,056</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">121,686</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid taxes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">715,698</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">826,223</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,886</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,9,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">135</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Total Current Assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">18,730,627</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">20,645,326</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">2,370,982</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">NON-CURRENT ASSETS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term investments - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f,10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">253,850</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">251,471</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,880</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment - net of
      accumulated depreciation of Rp.83,712,378 million in 2010 and
      Rp.</FONT><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">83,071,756 </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">million in 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2k,2l,2p,4,11,18,19,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22,46</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,832,408</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,684,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,577,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid pension benefit cost</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2q,41,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">988</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">932</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">107</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances and other non-current
      assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2k,2n,12,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,44,48</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,052,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,307,615</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">379,858</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Goodwill and other intangible assets - net of
      accumulated amortization of Rp.9,094,032 million in 2010 and Rp.9,245,179
      million in 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2d,2j,4,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,54</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,784,525</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,705,775</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">195,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Escrow accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,14,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,662</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,307</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,629</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax assets - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,692</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,785</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,717</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Non-current Assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">81,027,820</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80,040,152</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,192,093</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TOTAL ASSETS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99,758,447</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,685,478</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,563,075</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">1</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_6></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENT OF FINANCIAL
POSITION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(BALANCE SHEETS)</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 31pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">LIABILITIES AND STOCKHOLDERS'
      EQUITY</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CURRENT LIABILITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,15,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,153,874</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">702,918</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80,726</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,356,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,806,443</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">666,832</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,953</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,187</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Taxes payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">735,690</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">933,993</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">107,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Dividend payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2u</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">255,545</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,460</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">627</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,16, 34,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,409,260</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,933,530</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">451,740</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unearned income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p,17</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,681,483</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,855,948</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">327,987</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances from customers and
      suppliers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">499,705</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">297,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">34,189</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Short-term bank loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,18,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">55,831</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,440</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,630</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturities of long-term
      liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2l,2p,</FONT><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">19,44&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">5,303,636</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">4,373,982</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">502,324</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Total Current Liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">20,472,898</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">19,004,601</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">2,182,555</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">NON-CURRENT LIABILITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,073,814</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,043,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">464,415</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unearned income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">312,029</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">295,105</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,891</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued long service awards</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2q,42,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">242,149</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">242,177</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,813</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued post-retirement health care
      benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2q,43,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,030</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">991,865</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">113,909</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension and other post-retirement
      benefits costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2q,41,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">536,990</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">588,895</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">67,631</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term liabilities - net of current
      maturities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Obligations under finance
leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2l,2p,11,19</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">408,867</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">376,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,186</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two-step loans - related party</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,19,20,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,741,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,531,541</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">290,731</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,19,21,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,249,379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,280,730</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">376,771</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0.25in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,19,22,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,256,205</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,099,750</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,045,047</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Total Non-current Liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">22,870,766</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">21,449,998</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">2,463,394</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">TOTAL LIABILITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">43,343,664</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">40,454,599</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">4,645,949</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">2</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_7></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 6pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENT OF FINANCIAL
POSITION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(BALANCE SHEETS)</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 37pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">STOCKHOLDERS' EQUITY</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">STOCKHOLDERS' EQUITY ATTRIBUTABLE TO EQUITY
      HOLDERS OF THE PARENT</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Capital stock - Rp.250 par value per Series A
      Dwiwarna share and Series B share</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Authorized - 1 Series A Dwiwarna share and
      79,999,999,999 Series B shares</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Issued and fully paid - 1 Series A Dwiwarna
      share and 20,159,999,279 Series B shares</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1c,25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">578,811</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additional paid-in capital</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2t,26</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">123,265</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Treasury stock - 490,574,500 shares in 2010
      and 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2t,27</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(489,701</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Difference in value arising from
      restructuring transactions and other transactions between entities under
      common control</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2d,28</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">478,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">478,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">54,895</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Difference due to change of equity in
      associated companies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">385,595</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">385,595</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,283</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrealized holding gain from
      available-for-sale securities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f,2s</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">46,671</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Translation adjustment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">233,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">228,867</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,284</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Difference due to acquisition of </FONT><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">non-controlling interest in
      subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1d,2d</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">(484,629</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">(484,629</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">(55,657</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Retained earnings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Appropriated</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,761,326</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unappropriated</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p,2s</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,570,697</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,399,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,376,285</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Stockholders' Equity Attributable To
      Owners Of The Parent</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,418,742</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">47,239,510</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,425,151</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling Interest</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,996,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,991,369</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,491,975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TOTAL STOCKHOLDERS' EQUITY</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">56,414,783</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60,230,879</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,917,126</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99,758,447</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,685,478</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,563,075</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">3</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_8></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><A name=CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVE></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars, except per share and per ADS
data)</FONT></B></P>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OPERATING REVENUES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telephone</FONT></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p,29</FONT></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed lines</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,308,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,929,579</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">336,443</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cellular</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,691,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,754,777</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">775,742</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interconnection</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,30,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,682</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">846,083</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">97,167</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data, internet and information technology
      services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p,31</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,764,426</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,451,873</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">626,112</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,32,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">277,470</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">304,873</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,013</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
    services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p, 33</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">264,476</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">418,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">48,071</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Operating Revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,356,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,705,760</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,918,548</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OPERATING EXPENSES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Depreciation and amortization</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2k,2l,2p,11,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,13,54</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,739,090</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,447,594</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">395,935</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Personnel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,2q,16,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">34,41,42, 43,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,874,100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,951,393</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">224,105</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Operations, maintenance and telecommunication
      services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,35,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,737,601</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,069,777</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">467,387</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">General and administrative</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2g,2h,2p,6,</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,36,54</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">599,339</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">511,471</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">58,739</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interconnection</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,37,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">670,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">806,101</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">92,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Marketing</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">416,458</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">725,421</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,310</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Operating Expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,036,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,511,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,322,051</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OPERATING INCOME</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,319,528</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,194,003</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">596,497</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OTHER (EXPENSES) INCOME</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">79,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">120,140</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,797</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Equity in net (loss) income of associated
      companies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f,10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">437</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(130</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2c,2p,44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(504,235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(405,239</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(46,539</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Gain on foreign exchange - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2o</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">164,054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">152,428</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">77,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,058</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other expenses - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(183,065</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(59,749</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,862</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">INCOME BEFORE TAX</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,136,463</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,134,254</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">589,635</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TAX (EXPENSE) BENEFIT</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2p,2r,38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,011,852</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,328,635</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(152,585</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(348,368</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,069</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,360,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,310,623</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(150,516</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">INCOME FOR THE PERIOD</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,776,243</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,823,631</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">439,119</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OTHER COMPREHENSIVE (EXPENSE)
      INCOME</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign currency translation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1d,2b,2f,10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(169</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,511</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(518</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Change in fair value of available-for-sale
      financial assets - net of tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2f,2s</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,024</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(347</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Other Comprehensive (Expense)
      Income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,535</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(865</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TOTAL COMPREHENSIVE INCOME FOR THE
      PERIOD</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,793,051</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,816,096</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">438,254</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p and 2s</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">4</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_9></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars, except per share and per ADS
data)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 50pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 50pt; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 50pt; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 50pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 50pt; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 42pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 31pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income for the period attributable
      to:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Owners of the parent</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,786,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,828,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">324,812</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling interest</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">989,980</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">995,328</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">114,307</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,776,243</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,823,631</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">439,119</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total comprehensive income attributable
      to:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Owners of the parent</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,803,071</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,820,768</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">323,947</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling interest</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">989,980</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">995,328</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">114,307</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,793,051</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,816,096</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">438,254</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BASIC EARNINGS PER SHARE</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2v,39</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income per share</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">141.65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">143.79</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income per ADS (40 Series B shares per
      ADS)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,666.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.6pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,751.60</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.08</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p and 2s</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">5</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_10></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><A name=CONSOLIDATEDSTATEMENTSOFCHANGESINSTockho></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'
EQUITY </FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(Figures in tables are presented in millions
of Rupiah)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 78.75pt">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Descriptions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="5%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Capital stock</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Additional paid-in capital</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Treasury stock</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Difference in</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">
      </FONT><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">value arising from restructuring transactions
      and other transactions between entities under common
    control</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Difference due to change of under equity in
      associated companies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="6%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Unrealized</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">
      </FONT><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">holding gain on available-for
      sale</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">securities&nbsp;</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Translation adjustment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Difference due to acquisition
    </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Stockholders' equity</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">of non- controlling
interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="16%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Retained earnings</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Non- controlling</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.1pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">subsidiaries</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Appropriated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 3pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Unappropriated<SUP>*</SUP></FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 24pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 24pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 20pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 20pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 26pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 23pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Balance, January 1, 2010 - as
      previously&nbsp; restated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">478,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">385,595</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">18,136</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">230,995</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(439,444</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">21,130,459</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">38,989,747</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">10,933,347</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">49,923,094</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Adjustment in relation to&nbsp;
      implementation of PPSAK 1 &#8220;Withdrawal of PSAK 35 (Accounting for
      Telecommunication Services)&#8221;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">2p</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(337,487</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(337,487</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(337,487</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Adjustment in relation to implementation of
      PSAK No. 55 (Revised 2006)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">2s</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(91,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(91,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(91,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 7.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Balance, January 1, 2010 - after
      adjustment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">478,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">385,595</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">18,136</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">230,995</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(439,444</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">20,701,735</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">38,561,023</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">10,933,347</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">49,494,370</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Net comprehensive income (loss) for the
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">2f,2s,10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">16,977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(169</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">2,786,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">2,803,071</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">989,980</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">3,793,051</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">Balance, March 31, 2010 &#8211; as
      restated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="5%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">478,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">385,595</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">35,113</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">230,826</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">(439,444</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">23,487,998</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">41,364,094</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">11,923,327</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif">53,287,421</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p and 2s</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">6</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_11></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'
EQUITY </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(Figures in tables are presented in millions
of Rupiah)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 78.75pt">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Descriptions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Capital stock</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Additional paid-in capital</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Treasury stock</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Difference in</FONT></B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">
      </FONT><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">value arising from restructuring transactions
      and other transactions between entities under common
    control</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Difference due to change of equity in
      associated companies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Unrealized</FONT></B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">
      </FONT><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">holding gain on available-for
      sale</FONT></B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">securities&nbsp;</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Translation adjustment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Difference due to acquisition
    </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Stockholders' equity</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 78.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">of non- controlling
interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="14%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Retained earnings</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Non- controlling</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.1pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">subsidiaries</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Appropriated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 3pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Unappropriated<SUP>*</SUP></FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 3pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 24pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 24pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 20pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 20pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 21pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 26pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 23pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Balance, January 1, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">478,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">385,595</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">49,695</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">233,378</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(484,629</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">26,570,697</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">44,418,742</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">11,996,041</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">56,414,783</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Net comprehensive income &nbsp;(loss) for the
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">1d, 2b,2f</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">2s,10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(3,024</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(4,511</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">2,828,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">2,820,768</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">995,328</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">3,816,096</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">Balance, March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(4,264,073</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">478,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">385,595</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">46,671</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">228,867</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">(484,629</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">15,336,746</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="8%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">29,399,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">47,239,510</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">12,991,369</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">60,230,879</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">7</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_12></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><A name=CONSOLIDATEDSTATEMENTSOFCASHFLOWS></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF CASH FLOWS
</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(Figures in tables are presented in millions
of Rupiah and thousands of United States Dollars)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="39%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 8pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CASH FLOWS FROM OPERATING
      ACTIVITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash receipts from operating
      revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telephone</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed lines</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,100,796</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,290,546</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">263,054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cellular</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,619,502</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,724,684</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">772,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interconnection</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,115,342</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,086,609</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">124,790</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data, internet and information technology
      services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,564,935</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,462,912</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">627,380</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">534,639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">734,552</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84,359</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total cash receipts from operating
      revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,935,214</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,299,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,871,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash payments for operating
      expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,255,243</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,371,854</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(616,923</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash payments to employees</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,824,292</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,906,065</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(218,899</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash paid (refund) from (to)
      customers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">143,852</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(203,740</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(23,398</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash generated from operations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,999,531</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,817,644</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,012,649</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest received</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">87,614</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">122,703</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,092</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(439,121</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(423,474</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(48,633</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(662,922</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,374,517</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(157,854</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net cash provided by operating
      activities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,985,102</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,142,356</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">820,254</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CASH FLOWS FROM INVESTING
      ACTIVITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from sale of temporary investments
      and maturity of time deposits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,362</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">501</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Purchases of temporary investments and
      placements in time deposits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,660</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(17,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,953</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from sale of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,451</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,291</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,361,856</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,783,315</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(319,646</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Increase in advances for purchases of
      property, plant and equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(647,912</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(226,935</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(26,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Increase) decrease in advances, other assets
      and escrow accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">144,812</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(39,010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,480</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Business combinations, net of cash
      acquired</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(111,676</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition of intangible
assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(19,342</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(72,397</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,314</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition of long-term
      investments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,905</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net cash used in investing
      activities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,980,852</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,131,004</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(359,576</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CASH FLOWS FROM FINANCING
      ACTIVITIES</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash dividends paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(250,085</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(28,721</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash dividends paid to minority stockholders
      of subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(405,585</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from short-term
    borrowings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,483</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,942</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,209</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Repayments of short-term
    borrowings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(14,928</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(17,333</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,991</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from medium-term Notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Repayment of medium-term Notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,050</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(350</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from long-term
    borrowings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">422,565</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">434,300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,876</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Repayment of long-term
    borrowings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,623,094</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,662,172</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(305,733</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from promissory notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">95,317</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,947</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Repayment of promissory notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,981</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,146</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Repayment of obligations under finance
      leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(77,110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(47,517</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,457</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net cash used in financing
      activities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,641,669</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,432,579</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(279,366</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="100%" colSpan=7>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">See
      accompanying notes to consolidated financial statements, which form an
      integral part of the consolidated financial statements.</FONT></P>
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">8</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_13></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CONSOLIDATED STATEMENTS OF CASH FLOWS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND
2011</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah and thousands of United States Dollars)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 22pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="38%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$ (Note 3)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">NET INCREASE (DECREASE) IN CASH AND CASH
      EQUIVALENTS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(637,419</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,578,773</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">181,312</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
      CASH EQUIVALENTS</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(416,982</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(53,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,104</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CASH AND CASH EQUIVALENTS AT BEGINNING OF
      PERIOD</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,805,460</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,119,849</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,047,356</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CASH AND CASH EQUIVALENTS AT END OF
      PERIOD</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,751,059</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,645,475</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,222,564</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">SUPPLEMENTAL CASH FLOW
      INFORMATION</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-cash investing and financing
      activities:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition of property, plant and equipment
      through incurrence of payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,703,508</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,171,681</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">479,091</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="42%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition of property, plant and equipment
      through finance leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,967</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,799</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,125</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">See accompanying notes to consolidated financial
statements, which form an integral part of the consolidated financial
statements.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">9</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_14></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><A name=NOTESTOCONSOLIDATEDFINANCIALSTATEMENT></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Establishment and
general information</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Perusahaan Perseroan (Persero) P.T. Telekomunikasi
Indonesia Tbk (the &#8220;Company&#8221;) was originally part of </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&#8220;Post en Telegraafdienst&#8221;</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">, which was established in 1884 under the framework
of Decree No. 7 dated March 27, 1884 of the Governor General of the Dutch Indies
and was published in State Gazette No. 52 dated April 3, 1884.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 1991, the status of the Company was changed into
a state-owned limited liability corporation (&#8220;Persero&#8221;) based on Government
Regulation No. 25/1991.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company was established based on notarial deed
No. 128 dated September 24, 1991 of Imas Fatimah, S.H.. The deed of
establishment was approved by the Minister of Justice of the Republic of
Indonesia in his Decision Letter No. C2-6870.HT.01.01.Th.1991 dated
November&nbsp;19,&nbsp;1991, and was published in State Gazette No. 5 dated
January 17, 1992, Supplement No. 210. The Articles of Association have been
amended several times, the&nbsp;latest&nbsp;amendments were to comply with Badan
Pengawas Pasar Modal dan Lembaga Keuangan Indonesia (&#8220;BAPEPAM-LK&#8221;) Regulation
No.&nbsp;IX.J.1 of Main Provisions of the Articles of Association of Company
that Make an Equity Public Offering and Public Company and&nbsp; BAPEPAM-LK
Regulation No.&nbsp;IX.E.2 of Material Transaction and Changes of the Core
Business Activities, and to add the Company&#8217;s purposes and objectives, based on
notarial deed No.&nbsp;37 dated June&nbsp;24,&nbsp;2010 of
A.&nbsp;Partomuan&nbsp;Pohan,&nbsp;S.H., LLM.. The changes were accepted and
approved by the Minister&nbsp;of Justice and Human Rights of the Republic of
Indonesia (&#8220;MoJHR&#8221;) as in his Letter No. AHU-AH.01.10-18476 dated July 22, 2010
and Letter No.&nbsp;AHU-35876.AH.01.02/2010 dated July 19, 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In accordance with Article 3 of the Company&#8217;s
Articles of Association, the scope of its activities is to provide
telecommunication network and services, informatics and optimization of the
Company&#8217;s resources in accordance with prevailing regulations. To achieve this
objective, the Company is involved in the following activities:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Main business:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Planning, building, providing, developing,
operating, marketing or selling, leasing and maintaining telecommunications and
information networks in accordance with prevailing regulations.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Planning, developing, providing, marketing or
selling and improving telecommunications and information services in accordance
with prevailing regulations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Supporting business:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Providing payment transactions and money
transferring services through telecommunications and information
networks.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Performing activities and other undertakings in
connection with optimization of the Company's resources, among others the
utilization of the Company's property, plant and equipment and&nbsp; moving
assets, information systems, education and training, and repairs and maintenance
facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company&#8217;s head office is located at Jalan
Japati No. 1, Bandung, West Java.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">10</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Establishment and
general information </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 1999, the Government of the Republic of
Indonesia (the &#8220;Government&#8221;) passed Telecommunications Law No. 36, which took
effect in September 2000. This Law states that telecommunication activities
cover: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(1)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telecommunications networks,</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(2)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telecommunications services, and </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(3)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Special telecommunications. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">National state-owned companies (&#8220;Badan Usaha Milik
Negara&#8221; or &#8220;BUMN&#8221;), regional state-owned companies, privately-owned companies
and cooperatives are allowed to provide telecommunications networks and
services. Special telecommunications can be provided by individuals, Government
Agencies and legal entities other than telecommunications networks and service
providers. The Telecommunications Law prohibits activities that result in
monopolistic practices and unfair competition, and was expected to pave the way
for market liberalization. In connection with this law, Government Regulation
No. 52/2000 was issued, which provided that interconnection fees shall be
charged to originating telecommunications network operators where
telecommunications service is provided by two or more telecommunications network
operators. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On press release No. 05/HMS/JP/VIII/2000 dated
August 1, 2000 of the Directorate General of Post and Telecommunications
(&#8220;DGPT&#8221;), as corrected by No. 1718/UM/VIII/2000 dated August&nbsp;2,&nbsp;2000,
the period for exclusive rights granted to the Company to provide local and
domestic long-distance (&#8220;Sambungan Langsung Jarak Jauh&#8221; or &#8220;SLJJ&#8221;) fixed-line
telecommunications services were shortened from the expiration period of
December&nbsp;2010 to August 2002 and from December 2005 to August 2003. In
return, the Government was required to pay compensation to the Company (Notes 12
and 28). Further, on press release of the Coordinating Minister of Economics of
the Republic of Indonesia dated July&nbsp;31, 2002, the Government terminated
the Company&#8217;s exclusive right as a network provider for local and SLJJ services
effective August 1, 2002. On August 1, 2002, PT Indonesian Satellite Corporation
Tbk (&#8220;Indosat&#8221;) was granted a license to provide local and SLJJ
telecommunications services.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company is granted several telecommunications
licenses which are valid for an unlimited period of time as long as the Company
complies with prevailing laws and telecommunications regulations and fulfills
the obligations stated in those permits. For every license, an evaluation is
performed annually and an overall evaluation is performed every 5 (five) years.
The Company is obliged to submit reports of services to the Indonesian DGPT
annually. The reports comprise information such as network development progress,
service quality standard achievement, total customer, license payment and
universal service contribution, while for internet telephone services for public
purpose (&#8220;ITKP&#8221;) there are additional information required such as operational
performance, customer segmentation, traffic, and gross revenue.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">11</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Establishment and
general information </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Details of these licenses are as
follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">License</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">License No.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Type
      of services</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Grant date/latest </FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">renewal date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License to operate local fixed line and basic
      telephone services network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">381/KEP/M.KOMINFO/10/2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Local fixed line and basic telephone services
      network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 28, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License to operate fixed domestic long
      distance and basic telephone services network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">382/KEP/M.KOMINFO/10/2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed domestic long distance and basic
      telephone services network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 28, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License to operate fixed international and
      basic telephone services network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">383/KEP/M.KOMINFO/10/2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed international and basic telephone
      services network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 28, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License to operate fixed closed
      network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">398/KEP/M.KOMINFO/11/2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed closed network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 12, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License to operate internet telephone
      services for public purpose</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">384/KEP/DJPT/M.KOMINFO/11/2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ITKP</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 29, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Company&#8217;s Board of
Commissioners, Directors, Audit Committee, Corporate Secretary and employees
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Board of Commissioners
and Directors</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on resolutions made at (i) the Annual General
Meeting (&#8220;AGM&#8221;) of Stockholders of the Company dated June 12, 2009 as covered by
notarial deed No. 22 of Dr. A. Partomuan Pohan, S.H., LLM.; (ii) the
Extraordinary General Meeting (&#8220;EGM&#8221;) of Stockholders of the Company dated June
11, 2010 as covered by notarial deed no. 18 of the same notary, and (iii) the
EGM of Stockholders of the Company dated December 17, 2010 as covered by
notarial deed no. 33 of the same notary, the composition of the Company&#8217;s Board
of Commissioners and Directors as of December 31, 2010 and
March&nbsp;31,&nbsp;2011, respectively, were as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">12</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_17></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Company&#8217;s Board of
Commissioners, Directors, Audit Committee, Corporate Secretary and employees
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Board of Commissioners
and Directors </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.5%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 54.9pt" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 64pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.6pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">President Commissioner</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Tanri Abeng</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jusman Syafii Djamal</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Commissioner</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Bobby A.A Nazief</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Bobby A.A Nazief</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Commissioner</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Mahmuddin Yasin</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Mahmuddin Yasin</FONT></P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Independent Commissioner</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Arif
      Arryman</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rudiantara</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Independent Commissioner</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Petrus Sartono</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Johnny Swandi Sjam</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">President Director</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rinaldi Firmansyah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rinaldi Firmansyah</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.15pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vice President Director/Chief Operating
      Officer (&#8220;COO&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">*
      (see Note below)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">*
      (see Note below)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Finance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sudiro Asno</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sudiro Asno</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Network and
Solution</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ermady Dahlan</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ermady Dahlan</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Enterprise and
      Wholesale</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Arief Yahya</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Arief Yahya</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Consumer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I
      Nyoman Gede Wiryanata</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I
      Nyoman Gede Wiryanata</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Compliance and Risk
      Management</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prasetio</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prasetio</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Chief Information Technology
      Officer</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Indra Utoyo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Indra Utoyo</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="45%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Director of Human Capital and General Affairs
      (&#8220;HCGA&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Faisal Syam</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 11pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Faisal
Syam</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">*&nbsp; COO is held by Director of Network and
Solution in 2010 and 2011</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the EGM of Stockholders of the Company
dated December 17, 2010, the Company&#8217;s stockholders agreed, among others
to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">reappoint Rinaldi Firmansyah as President Director
and Arief Yahya as Director of Enterprise and Wholesale with the terms of
service effective from the closing of the EGM of Stockholders of the Company and
to be ended on the date of the AGM of Stockholders of the Company in
2015;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">appoint Jusman Syafii Djamal as President
Commissioner, Rudiantara as Independent Commissioner, and Johnny Swandi Sjam as
Independent Commissioner with the terms of service effective from January 1,
2011 and to be ended on the date of the AGM of Stockholders of the Company in
2015.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">13</P>
<HR align=center SIZE=2 width="100%" noShade>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Company&#8217;s Board of
Commissioners, Directors, Audit Committee, Corporate Secretary and employees
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; Audit Committee and
Corporate Secretary</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The composition of the Company&#8217;s Audit Committee
and Corporate Secretary as of December 31, 2010 and March&nbsp;31,&nbsp;2011,
respectively, were as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
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      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">2010&nbsp;</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 64pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.6pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">2011&nbsp;</FONT></B></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Chair</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Petrus Sartono</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Rudiantara</FONT></P></TD></TR>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Secretary</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Salam</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Salam</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bobby A.A Nazief</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Bobby A.A Nazief</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Agus
      Yulianto</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Agus Yulianto</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sahat Pardede</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Sahat Pardede</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Member</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Johnny Swandi Sjam</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Corporate Secretary</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 63pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Agus
      Murdiyatno</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 64pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.6pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Agus
      Murdiyatno</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp; Employees</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and
March&nbsp;31,&nbsp;2011, the Company and its subsidiaries had 26,847 employees
(audited) and 26,992 employees (unaudited), respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Public offering of
securities of the Company</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company&#8217;s shares prior to its Initial Public
Offering (&#8220;IPO&#8221;) totalled 8,400,000,000, consisting of 8,399,999,999 Series B
shares and 1 Series A Dwiwarna share, and were 100%-owned
by&nbsp;the&nbsp;Government. On November 14, 1995, 933,333,000 new Series B
shares and 233,334,000&nbsp;Series B shares owned by the Government were offered
to public through IPO and listed on the Indonesia Stock Exchange (&#8220;IDX&#8221;)
(previously the Jakarta Stock Exchange and the Surabaya Stock Exchange) and
700,000,000&nbsp;Series&nbsp;B shares owned by the Government were offered to
the public and listed on the New York Stock Exchange (&#8220;NYSE&#8221;) and the London
Stock Exchange (&#8220;LSE&#8221;), in the form of American Depositary Shares (&#8220;ADS&#8221;). There
are 35,000,000 ADS and each ADS represents 20&nbsp;Series B shares at that
time.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In December 1996, the Government had a block sale
of its 388,000,000 Series B shares, and in&nbsp;1997, had distributed 2,670,300
Series B shares as incentive to the Company&#8217;s stockholders who did not sell
their shares within one year from the date of the IPO. In May 1999,
the&nbsp;Government further sold 898,000,000 Series B shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">To comply with Law No. 1/1995 of the Limited
Liability Companies, at the AGM of Stockholders of the Company on April 16,
1999, the Company&#8217;s stockholders resolved to increase the Company&#8217;s issued share
capital by distribution of 746,666,640&nbsp;bonus shares through the
capitalization of certain additional paid-in capital, which&nbsp;were
distributed to the Company&#8217;s stockholders in August 1999. On August 16, 2007,
the Law No. 1/1995 of the Limited Liability Companies was amended by the issuing
of Law No. 40/2007 of the Limited Liability Companies which became effective at
the same date. The Law No. 40/2007 has no effect on the public offering of
shares of the Company. The Company has complied with Law No. 40/2007.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">14</P>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_19></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Public offering of
securities of the Company </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In December 2001, the Government had another block
sale of 1,200,000,000 shares or 11.9%&nbsp;of&nbsp;the total outstanding Series
B shares. In July 2002, the Government sold a further 312,000,000 shares or 3.1%
of the total outstanding Series B shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">At the AGM of Stockholders of the Company dated
July 30, 2004, as covered by notarial deed No. 26 of A. Partomuan Pohan, S.H.,
LLM., the Company&#8217;s stockholders approved the Company&#8217;s 2-for-1 stock split for
Series A Dwiwarna and Series B. For Series A Dwiwarna share with par value of
Rp.500, it was split into 1 Series A Dwiwarna share with par value of
Rp.250&nbsp;per share and 1 Series B share with par value
of&nbsp;Rp.250&nbsp;per&nbsp;share. The stock split resulted in an increase of
the Company&#8217;s authorized capital stock from 1 Series A Dwiwarna share and
39,999,999,999 Series B shares to 1&nbsp;Series&nbsp;A&nbsp;Dwiwarna share and
79,999,999,999&nbsp;Series B shares, and issued capital stock from 1 Series A
Dwiwarna share and 10,079,999,639 Series B shares to
1&nbsp;Series&nbsp;A&nbsp;Dwiwarna share and 20,159,999,279 Series B shares.
After the stock split, each&nbsp;ADS represented 40 Series B shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">During the EGM of Stockholders of the Company on
December 21, 2005, AGM of Stockholders of the Company on June&nbsp;29,&nbsp;2007
and the AGM of Stockholders of the Company on June&nbsp;20,&nbsp;2008, the
Company&#8217;s stockholders approved the phase I, II and III plan, respectively, to
repurchase the Company&#8217;s issued Series B shares (Note 27). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, all of the Company&#8217;s Series B
shares were listed on the IDX</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#ff6600 face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">and 72,554,892 ADS
shares were listed on the NYSE and LSE (Note 25).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, the Company&#8217;s outstanding
bonds which was second IDR bond and issued on June 25, 2010 with a nominal
amount of Rp.1,005,000 million for a five-year period and Rp.1,995,000 million
for a ten-year period for Series A and Series B, respectively, were listed on
the IDX (Note 21a).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp;
Subsidiaries</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and
March&nbsp;31,&nbsp;2011, the Company has consolidated the following direct or
indirectly owned subsidiaries which it controls as a result of majority
ownership (Notes 2b and 2d):</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">15</P>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Subsidiaries
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp; </FONT></I></B><B><I><U><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif">Direct subsidiaries:</FONT></U></I></B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif">
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.22%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 37.35pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Nature of business/</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">date
      of incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Date
      of</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage of effective ownership
      interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total assets before
    elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiary/place of</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">or
      acquisition by</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">the
      Company</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">commercial</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">operation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Telekomunikasi Selular (</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8220;Telkomsel&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">),
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telecommunication &#8211; provides
      telecommunication facilities and mobile cellular services using Global
      System for Mobile Communication (&#8220;GSM&#8221;) technology/ May 26,
    1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">57,343,376</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">58,349,568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Multimedia Nusantara (</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8220;Metra&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">),
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Multimedia and line telecommunication
      services/May 9, 2003</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1998</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,872,689</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,863,144</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Telekomunikasi</FONT><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"> Indonesia International (</FONT><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">&#8220;TII&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">), </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Jakarta,&nbsp;</FONT></I><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"> </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Indonesia&nbsp;</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telecommunication/</FONT><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"> July 31, 2003</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,757,023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,578,309</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">PT Pramindo Ikat Nusantara (</FONT><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">&#8220;Pramindo&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">), </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Jakarta,
      Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Telecommunication construction and services/
      August 15, 2002</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,199,394</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,169,159</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Infomedia Nusantara (</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8220;Infomedia&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">),
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data and information service &#8211; provides
      telecommunication information services and other information services in
      the form of print and electronic media and call </FONT><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">center services/ September
    22,1999</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1984</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(including</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">through</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49%</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ownership</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">by
      Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(including</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">through</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49%</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ownership</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">by
      Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">648,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">688,358</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">PT Dayamitra Telekomunikasi (</FONT><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">&#8220;Dayamitra&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">), </FONT><I><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Jakarta,
      Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Telecommunication/ May 17, 2001</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">433,835</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">550,723</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">PT Indonusa Telemedia (</FONT><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">&#8220;Indonusa&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">), </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta,
      Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Pay television and content services/
      </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May 7, 1997</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">1997</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">(including</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">through</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.8%</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ownership</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">by
      Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">(including</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">through</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.54%</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ownership</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">by
      Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">343,192</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">332,363</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Graha Sarana Duta (</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8220;GSD&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">), </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasing of offices and providing building
      management and maintenance services, civil consultant and developer/April
      25, 2001</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1982</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">263,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">285,015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Napsindo Primatel Internasional
      (</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8220;Napsindo&#8221;</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">),
      </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telecommunication - provides Network Access
      Point (NAP), </FONT><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Voice Over Data </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(VOD) and other related services/ December
      29, 1998</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1999; ceased operation on</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 13,</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">2006</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,910</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,910</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">16</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_21></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Subsidiaries
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Indirect
subsidiaries:</FONT></U></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.26%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 36.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Nature of business</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">date
      of incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Date
      of</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage of effective ownership
      interest</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="26%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total assets before
    elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiary/place of</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">incorporation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">or
      acquisition by</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">the
      Company</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">commercial</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">operation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31,</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">PT Sigma Cipta Caraka</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;),
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Tangerang</FONT></I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">,&nbsp;</FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Information technology</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      service - system implementation and integration service, outsourcing and
      software license maintenance/May 1, 1987</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">1988</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through100% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through100% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">503,476</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">508,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Telekomunikasi Indonesia International
      Pte. Ltd. </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Singapore&nbsp;</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telecommunication/ December 6,
    2007</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2008</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">256,294</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">257,420</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">PT Balebat Dedikasi Prima (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Balebat</FONT></B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">&#8221;), Bogor, Indonesia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Printing/October 1, 2003&nbsp;&nbsp;&nbsp;
      </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 65% ownership by
      infomedia)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&nbsp;(through 65% ownership by
      infomedia)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">86,068</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">98,449</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Finnet Indonesia (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finnet</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;),
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Banking data and communication/ October 31,
      2005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2006</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 60% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 60% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">71,922</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">71,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Administrasi Medika(&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ad
      Medika</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;),&nbsp;</FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Heatlh insurance administration services/
      February 25, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 75% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 75% ownership by
Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">59,970</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65,665</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Metra-Net (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Metra-Net</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;)&nbsp;</FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      Jakarta, Indonesia</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Multimedia portal service/April 17,
      2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by
    Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by
    Metra)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,308</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel Finance B.V., (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TFBV</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;), </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amsterdam, The Netherlands</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finance &#8211; established in 2005 for the purpose
      of borrowing, lending and raising funds including issuance of bonds,
      promissory notes or debts/ February 7, 2005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through100% ownership by
      Telkomsel)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by
      Telkomsel)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,687</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,461</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telekomunikasi Indonesia International Ltd.,
      </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Hongkong&nbsp;</FONT></I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      &nbsp;</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telecommunication/December 8, 2010</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,640</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,683</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Aria West International Finance B.V.
      (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">AWIBV</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;), </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Netherlands</FONT></I></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Established to engaged in rendering services
      in the field of trade and finance services/June 3, 1996</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1996;</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&nbsp;ceased&nbsp;</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">operation on</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July
      31, 2003</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by TII)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">311</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">311</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telekomunikasi Selular Finance Limited
      (&#8220;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TSFL</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8221;), </FONT><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Mauritius&nbsp;</FONT></I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      &nbsp;</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finance- established to raise funds for&nbsp;
      the development of Telkomsel&#8217;s business through the issuance of debenture
      stock, bonds, mortgages or any other securities/ April 22, 2002</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2002</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by
      Telkomsel)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65
      </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(through 100% ownership by
      Telkomsel)</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">17</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_22></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="99%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<OL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=a start=4>
  <LI style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Subsidiaries </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT> </LI></OL>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(a)</FONT></I><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel&nbsp;</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
February 14, 2006, Telkomsel was granted the International Mobile
Telecommunications-2000 (&#8220;IMT-2000&#8221;) or 3<SUP>rd</SUP> Generation technology
(&#8220;3G&#8221;) license in&nbsp; 2.1&nbsp;Gigahertz (&#8220;GHz&#8221;) frequency bandwidth for a 10
year period by the Minister of Communication and Information&nbsp;Technology of
the Republic of Indonesia (&#8220;MoCI&#8221;), based on its Decision Letter
No.&nbsp;19/KEP/M.KOMINFO/2/2006. The license is extendable subject to
evaluation (Notes 13iii and 48c.i). Telkomsel started its commercial services
for 3G&nbsp;in September 2006.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
October 11, 2006, Telkomsel&#8217;s operating licenses were updated by the MoCI based
on Decision Letter No. 101/KEP/M.KOMINFO/10/2006, granting Telkomsel the rights
to provide: (i) Mobile telecommunication services with radio frequency bandwidth
in 900 Megahertz (&#8220;MHz&#8221;) and 1800 MHz bands; (ii) Mobile telecommunication
services IMT-2000 with radio frequency bandwidth in the 2.1 GHz bands (3G); and
(iii) Basic telecommunication services.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This
license stipulates the rights and obligations of Telkomsel, including any
relevant sanctions. The license has a perpetual term, which is subject to
evaluation on an annual basis.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on
Decision Letter No. 213/DIRJEN/2008 dated August 4, 2008, the Ministry of
Communication and Information Technology through the DGPT granted Telkomsel a
principle license to provide Internet Telephony Services (Voice over Internet
Protocol or &#8220;VoIP&#8221;) which provision is subject to an operation acceptance test
within one year. Based on Decision Letter No. 226/DIRJEN/2009 dated September
24, 2009, Telkomsel obtained the operating license for providing VoIP services
in certain areas. The license has a perpetual term, which is subject to
evaluation on an annual basis or every five years.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on
Bank Indonesia&#8217;s (&#8220;BI&#8221;) letter No. 10/632/DASP dated August 12, 2008, Telkomsel
registered as a Money Remitter with register No. 10/12/DASP/10 dated
August&nbsp;12,&nbsp;2008 to provide remittance service.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on Decision Letter No.
268/KEP/M.KOMINFO/9/2009 of the Minister of Communication and Information
Technology dated September 1, 2009, the Government granted Telkomsel an
additional IMT-2000 license in the 2.1 GHz frequency bandwidth for a 10-year
period from the date of the decision letter (Notes 13iii and 48c.i).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on Decision Letters
No.&nbsp;39/KEP/M.KOMINFO/01/2010 and No.&nbsp;41/KEP/M.KOMINFO/01/2010 of the
Ministry dated January 25, 2010 and January 28, 2010, respectively, the
Government granted Telkomsel operating licenses to provide local fixed-line
under the USO program. The licenses are valid until the expiration of the
agreements, extendable subject to evaluation (Note 47h).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on Decision Letter No. 213/DIRJEN/2010 dated
June 17, 2010, which replaced Decision Letter No.&nbsp;38/DIRJEN/2004, the
Ministry of Communication and Information Technology through DGPT granted
Telkomsel an operating license for providing internet services. The license has
a perpetual term, which is subject to evaluation on an annual basis or every
five years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">18</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Subsidiaries
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(b)</FONT></I><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Metra&nbsp;</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On January 25, 2010, Metra entered into a CSPA with
Ad Medika&#8217;s stockholders to purchase 75% of Ad Medika&#8217;s outstanding shares (Note
4). Subsequently, on February 25, 2010, Metra entered into SPA with Ad Medika&#8217;s
stockholders for the share purchase transaction amounting to
Rp.130,077&nbsp;million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On February 2, 2010, based on notarial deed No. 1
of Myra Yuwono, S.H., dated February&nbsp;2,&nbsp;2010, Metra&#8217;s stockholders
agreed to increase its issued and fully paid capital from Rp.1,084,179 million
to Rp.1,101,179 million by issuing 1,700,000 additional new shares with a
nominal value of Rp.10,000 per share to be issued and fully paid by the Company
for additional paid in capital purpose on the Metra-Net.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On March 4, 2010, based on notarial deed No. 5 of
Myra Yuwono, S.H., dated March 4,&nbsp;2010, Metra&#8217;s stockholders agreed to
increase its issued and fully paid capital from Rp.1,101,179 million to
Rp.1,233,179 million by issuing 13,200,000 additional new shares with a nominal
value of Rp.10,000 per share to be issued and fully paid by the Company for Ad
Medika&#8217;s acquisition purpose (Note 4).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On June 22, 2010, based on notarial deed No. 20 of
Myra Yuwono, S.H., dated June&nbsp;22,&nbsp;2010, Metra&#8217;s stockholders agreed to
increase its issued and fully paid capital from Rp.1,233,179 million to
Rp.1,284,179 million by issuing 5,100,000 additional new shares with a nominal
value of Rp.10,000 per share to be issued and fully paid by the Company for
purpose of forming a joint venture with SK Telecom (Note 10ii).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On August 30, 2010, based on notarial deed No. 59
of Myra Yuwono, S.H., dated August&nbsp;30,&nbsp;2010, Metra&#8217;s stockholders
agreed to increase its issued and fully paid capital from Rp.1,284,179 million
to Rp.1,327,179 million by issuing 4,300,000 additional new shares&nbsp; with a
nominal value of Rp.10,000 per share to be issued and fully paid by the Company
for additional paid in capital purpose on the Metra-Net.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On August 31, 2010, based on notarial deed No. 60
of Myra Yuwono, S.H., dated August&nbsp;31,&nbsp;2010, Metra&#8217;s stockholders
agreed to increase its issued and fully paid capital from Rp.1,327,179 million
to Rp.1,422,901 million by issuing 9,572,206 additional new shares with a
nominal value of Rp.10,000 per share to be issued and fully paid by the Company
for the purpose of exercising the 20% put option of Sigma&#8217;s shares owned by PT
Sigma Citra Harmoni (&#8220;SCH&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">19</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; GENERAL </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Subsidiaries
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(c)&nbsp;&nbsp; TII </FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the Circular Meeting of Stockholders of
TII on January 11, 2010, TII&#8217;s stockholder agreed TII&#8217;s participation in South
East Asia-Japan Cable System (SJC) Sea Cable Consortium and Extended Capacity to
United States of America to be a total investment of US$45.2 million. As at
March 31, 2011, no payment has been made by TII to the Consortium.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the Circular Meeting of Stockholders of
TII on November 10, 2010 as covered by notarial deed No. 28 of Siti Safarijah
dated November 30, 2010, TII&#8217;s stockholder agreed the conversion of debt of
Rp.164,708 million (debt to equity swap) into shares issued and fully paid
capital to become Rp.1,066,205 million.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(d)&nbsp;&nbsp; Indonusa </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On December 10, 2010, based on notarial deed No. 6
of Dr. A. Partomuan, S.H., dated January 6,&nbsp;2011, Indonusa&#8217;s stockholders
agreed to increase its issued and fully paid capital from 481,426,353 shares to
753,426,353 shares by issuing 272,000,000 additional new shares with a nominal
value of Rp.500 per share and fully paid by the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif">On
March 8, 2011, based on the Circular Meeting of Stockholders of Indonusa
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">as covered by notarial deed No. 18 of Dr. A.
Partomuan Pohan, S.H., LLM.,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif"> dated March 14, 2011, Indonusa&#8217;s
stockholder agreed the conversion of debt of Rp.174,824 million (debt to equity
swap) into shares issued and fully paid capital to become Rp.551,537
million.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e.&nbsp;&nbsp;&nbsp;&nbsp; Authorization of the
consolidated financial statements</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The consolidated financial statements were
authorized for issue by the Board of Directors on April&nbsp;28,
2011.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">20</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
consolidated financial statements of the Company and its subsidiaries have been
prepared in accordance with generally accepted accounting principles in
Indonesia (&#8220;Indonesian GAAP&#8221;) and Regulation of the Capital Market Supervisory
Board and Financial Institution (&#8220;Badan Pengawas Pasar Modal dan Lembaga
Keuangan&#8221; or Bapepam-LK) No. VIII.G.7 regarding &#8220;Financial Statement
Presentation Guidelines&#8221;, KEP-554/BL/2010 regarding the Amendment of the
Regulation of the Capital Market Supervisory Board and Financial Institution
</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">No. KEP-06/PM//2000 regarding the</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">
Amendment of the Regulation No. VIII.G.7 regarding &#8220;Financial Statement
Presentation Guidelines&#8221; and Circular Letter No. SE-02/PM/2002 regarding
&#8220;Financial Statements Presentation Guidelines for Issuers or Public Companies in
Telecommunication Industry&#8221;. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Basis of preparation of financial
statements</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted Indonesian Statement of Financial Accounting Standards
(Pernyataan Standar Akuntansi Keuangan or &#8220;PSAK&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> 1
(Revised 2009), &#8220;Presentation of Financial Statements&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
PSAK 2 (Revised 2009), &#8220;Statements of Cash Flows&#8221;, and PSAK 3 (Revised 2010),
&#8220;Interim Financial Statements&#8221;, which became effective for financial statement
periods beginning on or after January 1, 2011 and is applied
prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
consolidated financial statements, except for the consolidated statements of
cash flows, are prepared on the accrual basis of accounting. The measurement
basis used is historical cost, except for certain accounts recorded on the basis
described in the related accounting policies.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
consolidated statements of cash flows are prepared using the direct method and
present the changes in cash and cash equivalents from operating, investing and
financing activities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Figures in the consolidated financial statements
are rounded to and presented in millions of Indonesian Rupiah (&#8220;Rp.&#8221;), unless
otherwise stated.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Principles of consolidation</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK 4 (Revised 2009),
&#8220;Consolidated and Separate Financial Statements&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
which became effective for financial statement periods beginning on or after
January 1, 2011 and is applied retrospectively</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
consolidated financial statements include the financial statements of the
Company and its subsidiaries in which the Company, directly or indirectly has
ownership of more than half of the voting power and has the ability to control
the entity unless, in exceptional circumstances, it can be clearly demonstrated
that such ownership does not constitute control, or the Company has the ability
to control the entity, even though the ownership is less than or equal to half
of the voting power. Subsidiaries are consolidated from the date on which
effective control is obtained and are no longer consolidated from the date of
disposal. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">All
significant intercompany balances and transactions have been eliminated in the
consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Transactions with related parties</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">7&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> (Revised 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0), </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&#8220;Related Party Disclosures&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
which became effective for financial statement periods beginning on or after
January 1, 2011 and is applied prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">21</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Transactions with related parties </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.45pt; MARGIN: 0in 0in 0pt 37.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company and its subsidiaries have transactions with related parties. The
definition of related parties used is in accordance with PSAK 7 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(Revised 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, &#8220;Related Party Disclosures&#8221;. A
related party is a person or entity that is related to the entity that is
preparing its financial statements (&#8220;reporting entity&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0in 0in 0pt 60pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">d.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Acquisitions of subsidiaries</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0in 0in 0pt 60pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> (Revised 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0), </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&#8220;Business Combinations&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
which became effective for financial statement periods beginning on or after
January 1, 2011 and is applied prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0in 0in 0pt 60pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
acquisition of a subsidiary from a third party is accounted for using the
purchase method of accounting. The cost of an acquisition is allocated to the
identifiable assets and liabilities recognized using as reference, their fair
values at the date of the transaction. The excess of the acquisition cost over
the Company's interest in the fair value of identifiable assets acquired and
liabilities assumed is recorded as goodwill. Acquisition-related costs are
recognized in the periods in which the costs are incurred and the services are
received.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company continually assesses whether there is any indication of impairment. If
any indication of impairment exists, the recoverable amount of intangible assets
and goodwill is estimated based on the expected future cash flows which are
discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to
the asset. Goodwill aroused from business combination which acquisition date
prior January 1, 2011 was stopped amortized since the period beginning on or
after January 1, 2011.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
acquisition of entities under common control is accounted for using book value,
in a manner similar to that of pooling of interests accounting (carryover
basis). Any difference between the consideration paid or received and the
related historical carrying amount, after considering income tax effects, is
recognized directly in equity and reported as &#8220;Difference in value arising from
restructuring transactions and other transactions between entities under common
control&#8221; in the stockholders&#8217; equity section.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
balance of &#8220;Difference in value arising from restructuring transactions and
other transactions between entities under common control&#8221; is charged to the
consolidated statement of comprehensive income when the common control
relationship has ceased.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
difference between the consideration paid and the non-controlling interest&#8217;s
proportionate share of the acquiree&#8217;s net identifiable assets debited is
recognized directly in equity and reported as </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&#8220;Difference due to acquisition of non-controlling
interest in subsidiaries&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">e.&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash
equivalents</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Cash
and cash equivalents consist of cash on hand and in banks and all unrestricted
time deposits with maturities of not more than three months from the date of
placement. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">22</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">f.&nbsp;&nbsp;&nbsp;&nbsp;
Investments</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK 12 (Revised 2009), &#8220;Interests
in Joint Ventures&#8221; and PSAK 15 (Revised 2009) &#8220;Investments in
Associates&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, which became effective for financial statement
periods beginning on or after January 1, 2011 and is applied
retrospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time
deposits</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Time
deposits with maturities of more than three months </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">but not more than one year, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">are
presented as temporary investments.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 45pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">ii.
&nbsp;&nbsp; Investments in securities</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 66pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Investments in available-for-sale securities and
trading securities are stated at fair value. Unrealized holding gains or losses
on available-for-sale securities are excluded from income of the current year
and are reported as a separate component in the stockholders&#8217; equity section
until realized. Realized gains or losses from the sale of available-for-sale
securities are recognized in the consolidated statements of comprehensive
income, and are determined on a specific-identification basis. A decline in the
fair value of any available-for-sale securities below cost that is deemed to be
other-than-temporary and is charged to the consolidated statements comprehensive
of income. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 45pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Gains or losses arising from changes in fair value
of the trading secuirites are presented in the income statement within other
(expenses) income in the period in which they arise.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 45pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">iii.
&nbsp; Investments in associated companies</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Investments in companies where the Company has 20%
to 50% of the voting rights, and through which the Company exerts significant
influence, but not control, over the financial and operating policies are
accounted for using the equity method. Under this method, the Company recognizes
the Company's proportionate share in the income or loss of the associated
company from the date that significant influence commences until the date that
significant influence ceases. When the Company&#8217;s share of loss exceeds the
carrying amount of the associated company, the carrying amount is reduced to nil
and recognition of further losses is discontinued except to the extent that the
Company has incurred legal or constructive obligations or made payments on
behalf of the associate.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Investment in joint ventures is accounted by using
the equity method whereby the participation in a joint venture initially
recorded at cost and subsequently adjusted for changes in the shares of the
venturer of the joint venture&#8217;s net assets that occurred after the
acquisition.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">23</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">f.&nbsp;&nbsp;&nbsp;&nbsp; Investments
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 45pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">iii.
&nbsp; Investments in associated companies </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">On a
continuous basis, but no less frequently than at the end of each year, the
Company and its subsidiaries evaluate the carrying amount of their ownership
interests in associated companies for possible impairment according to PSAK 55
(Revised 2006), &#8220;Financial Instruments: Recognition and Measurement&#8221;. Factors
considered in assessing whether an indication of other-than-temporary impairment
exists include the achievement of business plan objectives and milestones
including cash flow projections and the results of planned financing activities,
the financial condition and prospects of each associated company, the fair value
of the ownership interest relative to the carrying amount of the investment, the
period of time the fair value of the ownership interest has been below the
carrying amount of the investment and other relevant factors. Impairment to be
recognized is measured based on the amount by which the carrying amount of the
investment exceeds the fair value of the investment. Fair value is determined
based on quoted market prices (if any) and projected discounted cash flows,
whichever is lower or other valuation techniques as appropriate according to
PSAK 48 (Revised 2009), &#8220;Impairment of Assets&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Changes in the value of investments due to changes
in the equity of associated companies arising from capital transactions of such
associated companies with other parties are recognized directly in equity and
are reported as &#8220;Difference due to change of equity in associated companies&#8221; in
the stockholders&#8217; equity section. Differences previously credited directly to
equity as a result of equity transactions in associated companies are released
to the consolidated statements comprehensive of income upon the sale of an
interest in the associate in proportion to percentage of the interests
sold.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
functional currency of PT Pasifik Satelit Nusantara (&#8220;PSN&#8221;) and PT Citra Sari
Makmur (&#8220;CSM&#8221;) is the United States&nbsp;Dollars </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(&#8220;U.S. Dollars&#8221;) and the functional currency of
Scicom (MSC) Berhad (&#8220;Scicom&#8221;) is Malaysian Ringgit (&#8220;MYR&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">.
For the purpose of reporting these investments using the equity method, the
assets and liabilities of these companies as of the statement of financial
position date are translated into Indonesian Rupiah using the rates of exchange
prevailing at that date, while revenues and expenses are translated into
Indonesian Rupiah at the average rates of exchange for the year. The resulting
translation adjustments are reported as part of &#8220;Translation adjustment&#8221; in the
stockholders&#8217; equity section.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">24</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">g.&nbsp;&nbsp;&nbsp;&nbsp; Trade and other
receivables</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Trade and other receivables are recognized
initially at fair value and subsequently measured at amortized cost, less
allowance for doubtful accounts. This allowance for doubtful accounts is made
based on management&#8217;s evaluation of the collectability of outstanding amounts.
Accounts are written off in the period during which they are determined to be
uncollectible.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">h.&nbsp;&nbsp;&nbsp;&nbsp;
Inventories</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 66pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Inventories consist of components and modules,
which are subsequently expensed or transferred to property, plant and equipment
upon use. Inventories also include Subscriber Identification Module (&#8220;SIM&#8221;)
cards, Removable User Identity Module (&#8220;RUIM&#8221;) cards, handsets, set top box,
wireless broadband modem and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">prepaid voucher blanks</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
which are expensed upon sale. Inventories are stated at the lower of cost and
net realizable value.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Cost
is determined using the weighted average method for components, SIM cards, RUIM
cards and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">prepaid voucher blanks</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
and the specific-identification method for modules.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
amount of any write-down of inventories below cost to net realizable value and
all losses of inventories shall be recognized as an expense in the period in
which the write-down or loss occurs. The amount of any reversal of any
write-down of inventories, arising from an increase in net realizable value,
shall be recognized as a reduction in the amount of inventories expense in the
period in which the reversal occurs.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Allowance for obsolescence is primarily based on
the estimated forecast of future usage of these items.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid
expenses</FONT></B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Prepaid expenses are amortized over their future
beneficial periods using the straight-line method.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">j.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible
assets</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK 1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">9&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> (Revised 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0), </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&#8220;Intangible Assets&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">
and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Financial Accounting Standards Interpretation
(Interpretasi Standar Akuntansi Keuangan or &#8220;ISAK&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">14 &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Intangible Assets &#8211; Website Costs</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, which became effective for financial
statement periods beginning on or after January 1, 2011 and is applied
prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Intangible assets comprised of intangible assets
from subsidiaries or business acquisitions, licenses and computer software.
Intangible assets shall be recognized if it is probable that the expected future
economic benefits that are attributable to each asset will flow to the Company
and its subsidiaries and the cost of the asset can be reliably measured.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Intangible assets are stated at cost less
accumulated amortization and impairment, if any. Intangible assets are amortized
over their useful lives. The Company and its subsidiaries estimate the
recoverable value of their intangible assets. When the carrying amount of an
asset exceeds its estimated recoverable amount, the asset is written-down to its
estimated recoverable amount.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">25</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">j.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Intangible assets are depreciated using the
straight-line method, based on the estimated useful lives of the assets as
follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="86%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 2.65pt 0pt 0in" align=center><B><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Years</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="86%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">License</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">10</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="86%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Other intangible assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">2-10</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In
2006, Telkomsel was granted the right to operate the 3G license (Note 13.iii).
Telkomsel is required to pay an up-front fee and annual rights of usage (&#8220;Biaya
Hak Penggunaan&#8221; or &#8220;BHP&#8221;) fees for the next ten years (Notes 44a.ii and 48c.i).
The up-front fee is recorded as an intangible asset and amortized using the
straight-line method over the term of the right to operate the 3G license
(10&nbsp;years). Amortization commenced in 2006 when the assets attributable to
the provision of the related services became available for use. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Based on management interpretation of the license
conditions and the written confirmation from the DGPT, the license may be
returned at any time without any financial obligation to pay the remaining
outstanding annual BHP fees. Accordingly, Telkomsel recognizes the annual BHP
fees as an expense when incurred. Management evaluates its plan to continue to
use the license on an annual basis. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">k.&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and
equipment - direct acquisitions</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
cost of the assets include: (a) purchase price, (b) any costs directly
attributable to bringing the asset to its location and condition and (c) the
initial estimate of the costs of dismantling and removing the item and restoring
the site on which it is located. Each part of an item of property, plant and
equipment with a cost that is significant in relation to the total cost of the
item shall be depreciated separately. The residual value and the useful life of
an asset should be reviewed at least at each financial year-end.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Property, plant and equipment directly acquired are
stated at cost, less accumulated depreciation and impairment losses.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Property, plant and equipment, except land, are
depreciated using the straight-line method, based on the estimated useful lives
of the assets as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
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      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 2.65pt 0pt 0in" align=center><B><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Years</FONT></B></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">20-40</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3-7</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5-15</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Telegraph, telex and data communication
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5-15</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5-25</FONT></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3-20</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5-25</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3-10</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3-10</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">2-5</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5-8</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="87%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Other equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 93%; FONT-SIZE: 10pt" color=black face="Times New Roman,serif">5</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">26</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_31></A>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">k.&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and
equipment - direct acquisitions </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Pursuant to PSAK 16R, starting January 1, 2010, the
Company has changed the estimated useful lives of office and installation
buildings (included in buildings) from 20 years to 40 years, Submarine Cable
Communication System/Fiber Optic Communication System (included in transmission
installation and equipment) from 20 years to 25 years and antenna and towers
(included in transmission installation and equipment, and satellite, earth
station and equipment) from 15 years to 20 years, based on the review of the
useful lives of the assets in the telecommunications industry that is similar to
the Company and the usage expectation based on technical specification. The
effect of the changes was accounted for prospectively and resulted in a
reduction in the expense charged to the 2010 consolidated statement of
comprehensive income (Note 11d.iii).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted PSAK 48 (Revised 2009), &#8220;Impairment of Assets&#8221; and
ISAK 17, &#8220;Interim Financial Statements and Impairment of Assets&#8221;, which became
effective for financial statement periods beginning on or after January 1, 2011,
the Company and its subsidiaries have adopted the PSAK and ISAK and applied it
prospectively. The Company and its subsidiaries periodically evaluate its
property, plant and equipment for impairment, whenever events and circumstances
indicate that the carrying amount of the assets may not be recoverable. When the
carrying amount of an asset exceeds its estimated recoverable amount, the asset
is written-down to its estimated recoverable amount, which is determined based
upon the greater of its net selling price or value in use.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Spare parts and servicing equipment are carried as
inventory and recognized in profit or loss as consumed. Major spare parts and
stand-by equipment that are expected to be used for more than 12&nbsp;months are
recorded as part of property, plant and equipment. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted PSAK 58 (Revised 2009), &#8220;Non Current Assets Held for
Sale and Discontinued Operations&#8221;, which became effective for financial
statement periods beginning on or after January 1, 2011, the Company and its
subsidiaries have adopted the PSAK and applied it prospectively. When assets are
retired or otherwise disposed of, their cost and the related accumulated
depreciation are eliminated from the consolidated financial statements, and the
resulting gains or losses on the disposal or sale of property, plant and
equipment are recognized in the consolidated statement of comprehensive
income.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Certain computer hardware can not be used without
the availability of certain computer software. In such circumstance, the
computer software is recorded as part of the computer hardware. If any computer
software is independent from its computer hardware, it is recorded as part of
intangible assets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The cost of maintenance and repairs is charged to
the consolidated statement of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income as incurred. Significant renewals and
betterments are capitalized.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Property under construction is stated at cost until
construction is completed, at which time it is reclassified to the specific
property, plant and equipment account to which it relates. During the
construction period until the property is ready for its intended use or sale,
borrowing costs, which include interest expense and foreign currency exchange
differences incurred to finance the construction of the asset, are capitalized
in proportion to the average amount of accumulated expenditures during the
period. Capitalization of borrowing cost ceases when the construction has been
completed and the asset is ready for its intended use.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Equipment temporarily unused is reclassified into
equipment not used in operation and depreciated over their estimated useful life
using straight-line method.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">27</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">l.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant
and equipment under finance leases </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">A
lease is classified as a finance lease or operating lease based on the substance
not the form of the contract. Property, plant and equipment under finance lease
is recognized if the lease transfers substantially all the risks and rewards
incidental to ownership. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Finance leases are recognized as assets and
liabilities in the statement of financial positions as the amounts equal to the
fair value of the leased property or, if lower, the present value of the minimum
lease payments. Any initial direct costs of the Company and its subsidiaries are
added to the amount recognized as an asset.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Minimum lease payments shall be apportioned between
the finance charge and the reduction of the outstanding liability. The finance
charge shall be allocated to each period during the lease term so as to produce
a constant periodic rate of interest on the remaining balance of the liability.
Contingent rents shall be charged as expenses in the periods in which they are
incurred.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Leased assets are depreciated using the same method
over the shorter of the lease term and their economic useful life.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Leasing arrangements that do not meet the above
criteria are accounted for as operating leases for which payments are charged as
an expense on the straight-line basis over the lease period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=black face="Times New Roman,serif">m.&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">Joint Operation Schemes (&#8220;Kerja Sama Operasi&#8221; or
&#8220;KSO&#8221;)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=FI color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from KSO include amortization of unearned
initial investor payments, Minimum Telkom Revenues (&#8220;MTR&#8221;) and the Company's
share of Distributable KSO Revenues (&#8220;DKSOR&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Unearned initial investor payments received are
recorded net of all direct costs incurred in connection with the KSO agreement
and are amortized using the straight-line method over the KSO period of 15 years
starting from January 1, 1996.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">MTR
are recognized on a monthly basis based on the contracted MTR amount for the
current year.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company's share of DKSOR is recognized on the basis of the Company's percentage
share of the KSO revenues, net of MTR and operational expenses of the KSO Units,
as provided in the KSO agreements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Under PSAK 39, &#8220;Accounting for Joint Operation
Schemes&#8221;, the assets built by the KSO&nbsp;partners under the KSO were recorded
in the books of the KSO partners which operate the assets and would be
transferred to the Company at the end of the KSO period or upon termination of
the KSO agreement.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">28</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">n.&nbsp;&nbsp;&nbsp;&nbsp; Deferred charges for
land rights</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Costs incurred to process and extend land rights
are deferred and amortized using the straight-line method over the term of the
land rights.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">o.&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency
translation</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
functional currency of the Company and its subsidiaries is the Indonesian Rupiah
and the accounting records of the Company and its subsidiaries are maintained in
Indonesian Rupiah. Transactions in foreign currencies are translated into
Indonesian Rupiah at the rates of exchange prevailing at transaction date. At
the consolidated statement of financial position date, monetary assets and
monetary liabilities balances denominated in foreign currencies are translated
into Indonesian Rupiah based on the buy and sell rates quoted by Reuters
prevailing at the consolidated statement of financial position date </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.3%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 36.9pt" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=7>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company and its subsidiaries</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">December
      31, </FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010&nbsp;</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">March 31,
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">2011&nbsp;</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buy</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sell</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buy</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sell</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">United States Dollars (&#8220;US$&#8221;) 1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,705</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,710</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,025</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,368</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Yen1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110.68</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110.82</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105.12</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
resulting foreign exchange gains or losses, realized and unrealized, are
credited or charged to the consolidated statement of comprehensive income of the
current year, except for foreign exchange differences incurred on borrowings
during the construction of qualifying assets which are capitalized to the extent
that the borrowings can be attributed to the construction of those qualifying
assets (Note&nbsp;2k).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">p.&nbsp;&nbsp;&nbsp;&nbsp; Revenue and expense
recognition</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted PSAK 23 (Revised 2010), &#8220;Revenue&#8221; and ISAK 10
&#8220;Customer Loyalty Program&#8221;, which became effective for financial statement
periods beginning on or after January 1, 2011 and is applied
prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Implementation of
</FONT></I><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PPSAK 1 &#8220;Withdrawal of PSAK 35
(Accounting for Telecommunication Services)&#8221;</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In June 2009, the Indonesian Financial Accounting
Standard Board (&#8220;DSAK&#8221;) issued Statement of Withdrawal of Financial Accounting
Standard No. 1 (PPSAK 1), effective for financial statement periods beginning on
or after January 1, 2010.&nbsp; PPSAK 1, among other things, revokes PSAK 35
&#8220;Accounting for Revenue from Telecommunications Services&#8221;. The Company and its
subsidiaries adopted PPSAK 1 starting January 1, 2010 and applied
retrospectively.The effect of such implementation include:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">29</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">p.&nbsp;&nbsp;&nbsp;&nbsp; Revenue and expense
recognition </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Implementation of
</FONT></I><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PPSAK 1 &#8220;Withdrawal of PSAK 35
(Accounting for Telecommunication Services)&#8221;</FONT></I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=IN color=black face="Times New Roman,serif"> </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">presentation of the interconnection revenues from a
&#8220;net&#8221; to a &#8220;gross&#8221; basis; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">reclassification of outgoing calls to other
operators from interconnection revenues to telephone revenues; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">deferral of the installation and connection
revenues including incremental costs and recognized as income over the expected
term of the customer relationships (Notes 2p.ii and 2p.iii); and </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">recognition of Revenue-Sharing Arrangements (&#8220;RSA&#8221;)
in a manner similar to capital leases where the property, plant and equipment
and obligation under RSA are reflected on the consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> as &#8220;Property, plant and equipment&#8221; and &#8220;RSA
liabilities under capital lease&#8221;, respectively. All revenues generated from the
RSA are recorded as a component of operating revenues, while a portion of the
investors&#8217; share of the revenues from the RSA is recorded as interest expense
with the balance treated as a reduction of the obligation under RSA.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As a result of the changes, the comparative figures
in the consolidated financial statements have been restated as
follow</FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">:&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Before</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">restatement</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.15pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Restatement</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">After</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">restatement</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Consolidated STATEMENT OF
      COMPREHENSIVE INCOME for thREe MONTHS PERIOD ended</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">
      MARCH 31</FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">, 2010:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Operating Revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">16,587,322</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(230,986</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">16,356,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Operating Expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(11,265,565</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">228,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(11,036,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Other Expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(182,809</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(256</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(183,065</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Income Before Tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">5,138,948</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(2,485</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">5,136,463</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Tax Expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(1,372,379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">12,159</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">(1,360,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Net Income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">3,766,569</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">9,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">3,776,243</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Basic Earnings Per Share</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53pt" align=left><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Net income per share</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 71pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">141.16</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">0.49</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">141.65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="43%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Net income per ADS (40 Series B shares per
      ADS)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 71pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">5,646.40</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.15pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">19.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,666.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">30</P>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">p.&nbsp;&nbsp;&nbsp;&nbsp; Revenue and expense
recognition </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp; Fixed line telephone
revenues</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 49.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from fixed line installations </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">are deferred including incremental costs and
recognized as income over the expected term of the customer
relationships.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> Revenues from usage charges are recognized as
customers incur the charges. Monthly subscription charges are recognized as
revenues when incurred by subscribers. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">iii.&nbsp;&nbsp; Cellular and fixed wireless
telephone revenues </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from postpaid service, which consist of
usage and monthly charges, are recognized as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Connection fees for service connection </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">are deferred including incremental costs and
recognized as income over the expected term of the customer
relationships</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">. &nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Airtime and charges for value added services are
recognized based on usage by subscribers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Monthly subscription charges are recognized as
revenues when incurred by subscribers.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from prepaid card subscribers, which
consist of the sale of starter packs (also&nbsp;known as SIM cards in the case
of cellular and RUIM in the case of fixed wireless telephone and start-up load
vouchers) and pulse reload vouchers, are recognized as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Sale of SIM and RUIM cards are recognized as
revenue upon delivery of the starter packs to distributors, dealers or directly
to customers.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Sale of pulse reload vouchers (either bundled in
starter packs or sold as separate items) are recognized initially as unearned
income and recognized proportionately as usage revenue based on duration and
total of successful calls made and the value added services used by the
subscribers or the expiration of the unused stored value of the
voucher.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Unutilized promotional credits are netted against
unearned income.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues under Universal Service Obligation (&#8220;USO&#8220;)
arrangement are recognized when telecommunication access is ready and the
services are rendered.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iv.&nbsp;&nbsp;&nbsp; Interconnection revenues
</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The revenues from network interconnection with
other domestic and international telecommunications carriers are recognized as
earned in accordance with contractual agreements. Interconnection revenues
consist of revenues derives from other operator&#8217;s subscriber call to the Company
and its subsidiary operator&#8217;s subscribers (incoming) and calls between
subscribers of other operators through the Company and its subsidiary&#8217;s network
(transit). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">31</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">p.&nbsp;&nbsp;&nbsp;&nbsp; Revenue and expense
recognition </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">v.&nbsp;&nbsp;&nbsp;&nbsp; Data, internet and
information technology services revenues </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Revenues from data communication and internet are
recognized based on usage</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">.&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Revenues from sales, installation and
implementation of computer software and hardware, computer data network
installation service and installation are recognized </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">when
the goods rendered to customers</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> or the installation take
place.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Revenue from computer software development service
is recognized using the percentage of completion method.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">vi.&nbsp;&nbsp;&nbsp; Revenues from
network</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from network consist of revenues from
leased lines and satellite transponder leases which is recognized over the
period in which the services are rendered.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">vii.&nbsp; Other telecommunications services
revenues</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues
from other telecommunications services consist of RSA and sales of other
telecommunication services or goods. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The RSA are recorded in a manner similar to capital
leases where the property, plant and equipment and obligation under RSA are
reflected on the consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial
position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">. All revenues generated from the RSA are recorded
as a component of operating revenues, while a portion of the investors&#8217; share of
the revenues from the RSA is recorded as interest expense with the balance
treated as a reduction of the obligation under RSA.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Revenues from sales of other telecommunication
services or goods are recognized upon completion of services and or delivery of
goods to customers. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">viii. Expenses </FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.25pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Expenses are recognized on an accruals basis.
</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">q.&nbsp;&nbsp;&nbsp;&nbsp; Employee
benefits</FONT></B></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 45pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">i.</FONT></I><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp; </FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Pension and post-retirement health care benefit
plans</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
net obligations in respect of the defined pension benefit and post-retirement
health care benefit plans are calculated at the present value of estimated
future benefits that the employees have earned in return for their service in
the current and prior periods, less the fair value of plan assets and as
adjusted for unrecognized actuarial gains or losses and unrecognized past
service cost. The calculation is performed by an independent actuary using the
projected unit credit method. The present value of the defined benefit
obligation is determined by discounting the estimated future cash outflows using
government bond interest rates considering currently there is no deep market for
high quality corporate bonds that have terms to maturity approximating the terms
of the related liability. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">32</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">q.&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension and
post-retirement health care benefit plans </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Actuarial gains or losses arising from experience
adjustments and changes in actuarial assumptions, when exceeding the greater of
10% of present value defined benefit obligation or 10% of fair value of plan
assets, are charged or credited to the consolidated statements of comprehensive
income over the average remaining service lives of the relevant employees. Prior
service cost is recognized immediately if vested or amortized over the vesting
period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">For
defined contribution plans, the regular contributions constitute net periodic
costs for the year in which they are due and as such are included in staff
costs. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">ii.</FONT></I><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Long
Service Awards (&#8220;LSA&#8221;) and Long Service Leave (&#8220;LSL&#8221;)</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Employees of subsidiary are entitled to receive
certain cash awards </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">or certain numbers of days leave
benefits</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> based on length of service requirements. LSA are
either paid at the time the employees reach certain anniversary dates during
employment, or at the time of termination. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">LSL is either a certain
number of days leave benefit or cash, subject to approval by management,
provided to employee who has met the requisite number of years of service and
with a certain minimum age.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Actuarial gains or losses arising from experience
and changes in actuarial assumptions are charged immediately to the consolidated
statements of comprehensive income.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
obligation with respect to LSA and LSL is calculated by an independent actuary
using the projected unit credit method.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">iii.&nbsp;&nbsp; Early retirement
benefits</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Early retirement benefits are accrued at the time
the Company makes a commitment to provide early retirement benefits as a result
of an offer made in order to encourage voluntary redundancy. A commitment to a
termination arises when, and only when a detailed formal plan for the early
retirement cannot be withdrawn.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">iv.&nbsp;&nbsp;&nbsp; Pre-retirement
benefits</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Employees of the Company are entitled to a benefit
during a pre-retirement period in which they are inactive for 6 months prior to
their normal retirement age of 56 years. During the pre-retirement period, the
employees still receive benefits provided to active employees, which include,
but are not limited to regular salary, health care, annual leave, bonus and
other benefits. Benefits provided to employees which enter pre-retirement period
are calculated by an independent actuary using the projected unit credit
method.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">v.</FONT></I><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Other post-retirement benefits</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Employees are entitled to home leave passage
benefits and final housing facility benefits to their retirement age of 56
years. Those benefits are calculated by an independent actuary using the
projected unit credit method.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Gains or losses on curtailment are recognized when
there is a commitment to make a material reduction in the number of employees
covered by a plan or when there is an amendment of a defined benefit plan terms
such as that a material element of future services to be provided by current
employees will no longer qualify for benefits, or will qualify only for reduced
benefits.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">33</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">q.&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Gains or losses on settlement are recognized when
there is a transaction that eliminates all further legal or constructive
obligation for part or all of the benefits provided under a defined benefit
plan. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">r.&nbsp;&nbsp;&nbsp;&nbsp; Income
tax</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> &nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company and its subsidiaries recognize deferred tax assets and liabilities for
temporary differences between the financial and tax bases of assets and
liabilities at each reporting date. The Company and its subsidiaries also
recognize deferred tax assets resulting from the recognition of future tax
benefits, such as the benefit of tax losses carried forward, to the extent their
future realization is probable. Deferred tax assets and liabilities are measured
using enacted tax rates and tax laws at each reporting date which are expected
to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Income tax is charged or credited to the
consolidated statement of comprehensive income, except to the extent that it
relates to items recognized directly in equity, such as the difference in value
arising from restructuring transactions and other transactions between entities
under common control and the effect of foreign currency translation adjustment
for certain investments in associated companies, in which case income tax is
also charged or credited directly to equity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Current tax assets and liabilities are measured at
the amount expected to be recovered or paid using the tax rates and tax laws
that have been enacted at each reporting date.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Amendment to taxation obligations are recorded when
an assessment is received or if appealed against, when the results of the appeal
are determined.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Deferred tax assets and liabilities are offset in
the consolidated statement of financial positions, except if these are for
different legal entities, in the same manner the current tax assets and
liabilities are presented.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">s.&nbsp;&nbsp;&nbsp;&nbsp; Financial
instruments</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In
2006, the DSAK issued PSAK 50 (Revised 2006) "Financial Instruments:
Presentation and Disclosures" and PSAK 55 (Revised 2006) "Financial Instruments:
Recognition and Measurement". These standards amend both PSAK 50 "Accounting for
Investments in Certain Securities" and PSAK 55 "Accounting for Derivative
Instruments and Hedging Activities". Both standards are applicable for financial
statements covering periods beginning on or after January 1, 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
adoption of the standards did not have a material impact on the result of the
Company and its subsidiaries. In accordance with the transitional provision of
PSAK 55 (Revised 2006), the impact of recalculating the provision for impairment
loss of Rp.91,237 million has been adjusted to retained earnings at January 1,
2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In
implementing PSAK 50 (Revised 2006) and PSAK 55 (Revised 2006), the Company and
its subsidiaries classify financial instruments into financial assets and
financial liabilities.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">34</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">s.&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Financial assets </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company and its subsidiaries classify their financial assets as (i) financial
assets at fair value through profit and loss, (ii) loans and receivables, (iii)
held-to-maturity financial assets or (iv) available-for-sale financial assets.
The classification depends on the purpose for which the financials assets were
acquired. Management determines the classification of its financial assets at
initial recognition.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Financial assets at fair value through profit or
loss</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Financial assets at fair value through profit or
loss are financial assets classified as held for trading. A financial asset is
classified as held for trading if it is acquired principally for the purpose of
selling or repurchasing it in the near term and for which there is evidence of a
recent actual pattern of short term profit taking. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Financial assets at fair value through profit or
loss consist of trading securities which are recorded as temporary
investment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Loans and receivables</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Loans and receivables are non-derivative financial
assets with fixed or determinable payments that are not quoted in an active
market. Loans and receivables consist of, among other things, trade receivables,
other receivables, other current financial assets and other non-current
financial assets.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;Held-to-maturity financial assets</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Held-to-maturity investments are non-derivative
financial assets with fixed or determinable payments and fixed maturities that
management has the positive intention and ability to hold to maturity, other
than:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">those that the Company upon initial recognition
designates as at fair value through profit or loss;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">those that the Company designates as available for
sale; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">those that meet the definition of loans and
receivables.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">These are initially recognized at fair value
including transaction costs and subsequently measured at amortized cost, using
the effective interest method.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">No financial assets were classified as
held-to-maturity financial assets as of March 31, 2010 and 2011.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Available-for-sale financial assets</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Available-for-sale investments are non-derivative
financial assets that are intended to be held for indefinite period of time,
which may be sold in response to needs for liquidity or changes in interest
rates, exchange rates or that are not classified as loans and receivables,
held-to maturity investments or financial assets at fair value through profit or
loss. Available for sale financial assets consist of available for sale
securities which are recorded as temporary investment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries use settlement
date accounting for regular purchases and sales of financial assets.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">35</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">s.&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilties
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company and its subsidiaries classify their financial liabilities as (i)
financial liabilities at fair value through profit or loss or (ii) financial
liabilities measured at amortized cost.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Financial liabilities at fair value through profit
or loss</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Financial liabilities at fair value through profit
or loss are financial liabilities classified as held for trading. A financial
liability is classified as held for trading if it is acquired principally for
the purpose of selling or repurchasing it in the near term and for which there
is evidence of a recent actual pattern of short term profit taking. </FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">No
financial liabilities were categorized as held for trading as of March 31, 2010
and 2011.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Financial liabilities measured at amortized
cost</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Financial liabilities that are not classified as at
fair value through profit and loss fall into this category and are measured at
amortized cost. Financial liabilities measured at amortized cost are among other
things, trade payables, other payables, accrued expenses, loans, bonds and
notes.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">t.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury
Stock</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Reacquired Company&#8217;s stock is accounted for at its
reacquisition cost and classified as &#8220;Treasury Stock&#8221; and presented as a
deduction to stockholders&#8217; equity. The cost of treasury stock sold is accounted
for using the weighted average method. The difference resulting from the cost
and the proceeds from the sale of treasury stock is credited to &#8220;Paid-in
Capital&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">u.&nbsp;&nbsp;&nbsp;&nbsp; Dividends</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Dividend distribution to the Company&#8217;s stockholders
is recognized as liability in the Company&#8217;s consolidated financial statements in
the period in which the dividends are approved by the Company&#8217;s stockholders.
For interim dividends, the Company recognized them as liability based on the
Board of Director&#8217;s decision with the approval from the Board of
Commissioners.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">v.&nbsp;&nbsp;&nbsp;&nbsp; Earnings per share and
earnings per ADS</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Basic earnings per share are computed by dividing
income for the period attributable to owners of the parent by the weighted
average number of shares outstanding during the year. Income per ADS is computed
by multiplying basic earnings per share by 40, the number of shares represented
by each ADS.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">w.&nbsp;&nbsp;&nbsp; Segment
information</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK 5 (Revised 2009), &#8220;Operating
Segments&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, which became effective for financial statement
periods beginning on or after January 1, 2011 and is applied
prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">36</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">w.&nbsp;&nbsp;&nbsp; Segment information
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
Company and its subsidiaries' segment information is presented based upon
identified operating segment. An operating segment is a component of an entity:
a) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">that engages in business activities from which it
may earn revenues and incur expenses (including revenues and expenses relating
to transactions with other components of the same entity); b) whose operating
results are regularly reviewed by the entity's chief operating decision maker to
make decisions about resources to be allocated to the segment and assess its
performance, and c) for which discrete financial information is
available</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">.&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">x.&nbsp;&nbsp;&nbsp;&nbsp; Use of
estimates</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">Since January 1, 2011, the Company and its
subsidiaries have adopted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PSAK 57 (Revised 2009),
&#8220;Provisions, Contingent Liabilities and Contingent Assets&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">,
which became effective for financial statement periods beginning on or after
January 1, 2011 and is applied prospectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
preparation of the consolidated financial statements requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosures of contingent assets and liabilities at the date of the
consolidated financial statements and the reported amounts of revenues and
expenses during the reporting period. Significant items subject to such
estimates and assumptions include the carrying amount of property, plant and
equipment and intangible assets, the valuation allowance for receivables and
obligations related to employee benefits. Actual results could differ from those
estimates. In determining some estimates,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">management utilizes the work of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">third&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> party specialists as
required. In using specialists to assist with models and calculations,
management reviews the underlying assumptions and assesses the corresponding
calculations for reasonableness in the context of the circumstances of the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp; TRANSLATION OF RUPIAH
INTO UNITED STATES DOLLARS</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The consolidated financial statements are stated in
Indonesian Rupiah (&#8220;Rupiah&#8221;). The translations of Indonesian Rupiah amounts into
U.S. Dollars are included solely for the convenience of the readers and have
been made using the average of the market buy and sell rates of Rp.8,707.50 to
US$1 as published by Reuters on March 31, 2011. The convenience translations
should not be construed as representations that the Indonesian Rupiah amounts
have been, could have been, or could in the future be, converted into United
States Dollars at this or any other rate of exchange.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">37</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">4.&nbsp;&nbsp;&nbsp; acquisitions OF ad
medika</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On January 25, 2010, Metra entered into a CSPA with
Ad Medika&#8217;s stockholders, Ravi Varma Kanason, Sofian Susantio, Arthur Tahya (PT
Swadayanusa Kencana Raharja) dan Shia Kok Fat, each of which is a third party,
to purchase 75% of Ad Medika&#8217;s outstanding shares. Subsequently, on February 25,
2010, Metra entered into SPA with Ad Medika&#8217;s stockholders for the share
purchase transaction with acquisition cost amounting to Rp.130,077&nbsp;million
(including consultant fee) (Note 1d.b).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Ad Medika is an electronic health care network
company. Ad Medika is the largest health service administration management
company in Indonesia. Through the acquisition, the Company began providing
services through Insure Net as an initial National e-Health program. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The acquisition of Ad Medika has been accounted for
using the purchase method of accounting, where the purchase price was allocated
to the fair value of the acquired assets and assumed liabilities. The allocation
of the acquisition cost was as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 94pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      assets and liabilities arising from the acquisition are as
      follows:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,404</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Intangible assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">45,591</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(22,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,143</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,919</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling interests</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,145</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of net assets acquired</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,841</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Goodwill</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total purchase
consideration</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130,077</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      and cash equivalents in subsidiary acquired</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(13,574</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="82%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      outflow from acquisition</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">116,503</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><SUP><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Metra acquired control of Ad Medika on February 25,
2010 and the valuation was performed by an independent appraisal using the
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> amount as of February 28, 2010, being the nearest
convenient </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> date. The Company&#8217;s consolidated results of
operations have included the operating results of Ad Medika since March 1, 2010.
The intangible assets acquired included customer contracts and backlog, non
contractual customer relationships, trademarks and tradenames, and a non compete
agreement (Note 13).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">38</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_43></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">5.&nbsp;&nbsp;&nbsp;&nbsp; CASH AND CASH
EQUIVALENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      on hand</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,213</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,485</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      in banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Mandiri (Persero) Tbk (&#8220;Bank Mandiri&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">439,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">209,725</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Negara Indonesia (Persero) Tbk (&#8220;BNI&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">198,680</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">184,578</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Rakyat Indonesia (Persero) Tbk (&#8220;BRI&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,405</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,863</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Syariah Mandiri (&#8220;BSM&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">999</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,571</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Tabungan Negara (Persero) Tbk (&#8220;BTN&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">450</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">337</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">645,882</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">401,074</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign currencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">169,132</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">889,157</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">891</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">340,922</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">57,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">261,024</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BSM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">165</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">227,193</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,491,131</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">873,075</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,892,205</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Internasional Indonesia Tbk
      (&#8220;BII&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face="Times New Roman,serif">27,556</FONT></P></TD>
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  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">PT Bank ICB Bumiputera Tbk (&#8220;Bank
      Bumiputera&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">1,169</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">426</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Royal Bank of Scotland N.V. (previously
      ABN AMRO Bank)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99,287</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others (each below Rp.1
billion)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,454</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,468</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">201,207</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">97,024</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">39</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_44></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">5.&nbsp;&nbsp;&nbsp;&nbsp; CASH AND CASH
EQUIVALENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      in banks (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign currencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Hongkong and Shanghai Banking Corporation
      Ltd.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">38,490</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,522</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,035</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">DB</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,758</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,295</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Citibank, N.A. (&#8220;Citibank&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,513</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,213</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others (each below Rp.1
billion)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,369</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,298</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,165</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,385</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">276,372</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">160,409</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total cash in banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,149,447</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,052,614</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Time
      deposits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,223,735</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,572,037</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,428,191</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,710,828</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,556,289</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,544,218</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BTN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">330,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">350,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BSM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,538,215</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,217,083</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign currencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">635,899</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">571,898</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">393,946</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">5,084</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">2,317</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">2,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,032,162</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">579,219</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">6,570,377</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">6,796,302</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Jabar</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">495,560</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">496,560</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT OCBC NISP Tbk</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">200,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Mega Tbk (&#8220;Bank Mega&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">176,850</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">182,850</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Bukopin</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">173,755</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">171,755</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Standard Chartered Bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">170,430</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">PT Bank Tabungan Pensiunan Nasional
      Tbk</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">116,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">142,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">PT Pan Indonesia Bank Tbk</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">95,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">95,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">Bank CIMB Niaga</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">165,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">70,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Muamalat Indonesia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">DB</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,900</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BII</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Danamon Indonesia Tbk</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">40</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_45></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">5.&nbsp;&nbsp;&nbsp;&nbsp; CASH AND CASH
EQUIVALENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Time
      deposits (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 35.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">BCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">8,730</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">PT Bank Yudha Bhakti</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">10,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">2,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">1,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">1,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">PT Bank UOB Buana Tbk</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">25,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Capital Indonesia Tbk (&#8220;Bank
      Capital&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Syariah Mega Indonesia (&#8220;Bank Syariah
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,315,582</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,666,342</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53.1pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">BCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">64,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">81,357</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53.1pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">Bank Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">14,408</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">13,928</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif">8,705</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PL color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">901</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">871</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 53.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">DB</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">871</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 5.85pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80,230</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,732</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 5.85pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,395,812</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,772,074</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total time deposits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,966,189</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,568,376</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Grand Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,119,849</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,645,475</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Interest rates per annum on time deposits are as
follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 14pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.00% - 9.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 10pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.00% - 9.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign currencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.05% - 4.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 10pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.05% - 2.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The related parties which the Company and its
subsidiaries place their funds are state-owned banks. The Company and its
subsidiaries placed a majority of their cash and cash equivalents in these banks
because they have the most extensive branch network in Indonesia and are
considered to be financially sound banks as they are owned by the
state.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">41</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_46></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">6.&nbsp;&nbsp;&nbsp;&nbsp; TRADE
RECEIVABLES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Trade receivables arise from services provided to
both retail and non-retail customers, with details as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; By debtor</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-INDENT: -0.5in; MARGIN: 0in 0in 10pt 1in"><I><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)</FONT></I><I><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I><I><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Related parties</FONT></I></P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Government Agencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">759,450</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,019,422</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CSM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,366</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">107,084</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Indosat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,451</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Patra Telekomunikasi Indonesia (&#8220;Patrakom&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,279</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,519</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PSN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,098</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,776</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">PT Graha Informatika Nusantara
      (&#8220;Gratika&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">6,170</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">5,102</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">Koperasi Pegawai Telkom
      (&#8220;Kopegtel&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">3,049</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">3,671</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">PT Aplikanusa Lintasarta
      (&#8220;Lintasarta&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">1,461</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">1,562</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others (each below Rp.1
billion)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,985</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,230</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">931,309</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,213,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(151,266</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(88,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">780,043</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,124,366</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.55pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Trade receivables from certain related parties are
presented net of the Company and its subsidiaries&#8217; liabilities to such parties
due to legal right of offset in accordance with agreements with those
parties.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Third parties</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Residential and business
      subscribers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,480,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,742,202</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Overseas international carriers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">376,875</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">330,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,857,744</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,072,233</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,294,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,461,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,563,666</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,611,144</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">42</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_47></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">6.&nbsp;&nbsp;&nbsp;&nbsp; TRADE RECEIVABLES
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; By age</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp; Related
parties</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Up
      to 6 months</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">559,699</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">815,095</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7 to
      12 months</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">157,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">245,312</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">More
      than 12 months</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">214,076</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">152,856</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">931,309</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,213,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(151,266</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(88,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">780,043</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,124,366</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Third parties</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Up
      to 3 months</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,148,973</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,450,188</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">More
      than 3 months</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,708,771</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,622,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,857,744</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,072,233</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,294,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,461,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,563,666</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,611,144</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; By
currency</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp; Related
parties</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 40.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">902,875</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,191,563</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollar </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,434</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">931,309</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,213,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(151,266</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(88,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">780,043 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,124,366</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 40.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">43</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_48></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">6.&nbsp;&nbsp;&nbsp;&nbsp; TRADE RECEIVABLES
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; By currency
</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Third parties</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,143,578</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,367,635</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">712,758</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">703,184</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,408</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,414</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,857,744</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,072,233</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,294,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,461,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,563,666</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,611,144</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Movements in the
allowance for doubtful accounts</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 40.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.52%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Beginning balance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,273,550</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,445,344</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Adjustment in relation to implementation of
      PSAK No. 55 (Revised 2006) (Note 2s)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,237</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions (Note 36)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">509,415</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">175,731</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bad
      debts write-off</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(428,858</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(71,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="54%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ending balance </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,445,344</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,549,986</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Bad debts write-off are write-off for third party&#8217;s
trade receivables.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Management believes that the allowance for doubtful
accounts is adequate to cover losses on non-collection of the accounts
receivable.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Certain trade receivables of the Company&#8217;s
subsidiaries have been pledged as collateral for lending agreements (Notes 18
and 22).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">44</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_49></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">7.&nbsp;&nbsp;&nbsp;&nbsp;
INVENTORIES</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Modules</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">292,924</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">297,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Components </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">158,479</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">199,647</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">SIM
      cards, RUIM cards, set top box and prepaid voucher blanks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">147,419</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">143,787</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">598,822</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">640,867</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for obsolescence</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Modules</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(76,264</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(80,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Components</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,937</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,952</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">SIM
      cards, RUIM cards, set top box and prepaid voucher blanks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(85</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(85</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(83,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(87,730</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">515,536</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">553,137</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Movements in the allowance for obsolescence are as
follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Beginning balance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">72,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions (Note 36)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,345</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,444</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Inventories write-off</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,233</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ending balance</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,286</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">87,730</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Components and modules represent telephone
terminals, cables, transmission installation spare parts and other spare
parts.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Management believes that the allowance is adequate
to cover losses from decline in inventory value due to obsolescence.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Certain inventories of the Company&#8217;s subsidiaries
have been pledged as collateral for lending agreements (Notes 18 and
22).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and March 31, 2011, modules
and components held by the Company have been insured against fire, theft and
other specific risks with the total sum insured as of December 31, 2010 and
March 31, 2011 is amounting to Rp.128,367&nbsp;million and Rp.218,237 million,
respectively (Note&nbsp;44d.vii).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Modules and components held by a certain subsidiary
have been insured against all industrial risks and loss risk during delivery
with the total sum insured as of December 31, 2010 and March 31, 2011 amounting
to Rp.15,406&nbsp;million, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Management believes that the insurance coverage is
adequate to cover potential losses of the insured inventories.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">45</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_50></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">8.&nbsp;&nbsp;&nbsp;&nbsp; ADVANCES AND PREPAID
EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Frequency license (Notes 48c.i and
      48c.iii)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,393,639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,843,729</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rental</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">741,200</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">786,883</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Salaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">141,712</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">429,546</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,127</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">92,070</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Insurance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,513</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">46,405</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telephone directory issuance
    costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,558</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,788</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">67,282</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">56,746</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,441,031</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,298,167</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><SUP><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">9.&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">OTHER CURRENT ASSETS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Other current assets as of December 31, 2010 and
March 31, 2011 consists of restricted time deposits as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 1.5in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 14pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Metra</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.1pt"><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">593</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">593</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.1pt"><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.1pt"><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">347</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">347</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="56%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,175</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 10pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,175</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The restricted time deposits represent time
deposits of the Company&#8217;s and certain subsidiaries&#8217; pledged as collateral for
bank guarantees to the respective banks.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">46</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_51></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">10.&nbsp; LONG-TERM INVESTMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="81%" colSpan=11>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 48pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage of ownership</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 7pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Beginning</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">balance</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 10pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Addition</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Share of net (loss) income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Translation</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">adjustment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ending</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">balance</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term investments in associated
      companies:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Scicom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29.71</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,721</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">64,358</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,920</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(541</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">108,618</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Melon Indonesia (&#8220; Melon&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Patrakom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,409</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,659</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,068</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CSM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(12,485</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,102</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PSN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22.38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130,407</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">115,358</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(13,622</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">561</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">232,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other long-term
investments:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BMPL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BBT</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">587</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">587</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bangtelindo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">199</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">199</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,146</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,146</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">151,553</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">115,358</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(13,622</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">561</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">253,850</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="81%" colSpan=11>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 4pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage of ownership</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 5pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Beginning balance</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Share of net (loss) income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Translation adjustment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ending balance</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term investments in associated
      companies:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Scicom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29.71</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">108,618</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,531</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,243</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,844</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Melon Indonesia(&#8220; Melon&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(405</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">50,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Patrakom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,068</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">800</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,868</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CSM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PSN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22.38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">232,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,243</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">230,325</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other long-term
investments:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BMPL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BBT</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">587</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">587</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17.1pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bangtelindo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">199</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">199</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,146</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,146</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.1pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">253,850</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0.4pt 0pt 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,136</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,243</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">251,471</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 45pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scicom
</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 45pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Scicom is engaged in providing call center services
in Malaysia. On February 3, 2010, TII purchased additional 3,042,400 Scicom
shares with a transaction value amounting to US$0.42 million (equivalent to
Rp.3,905 million). As a result, TII&#8217;s ownership in Scicom increased to
17.01%.</FONT></P></DIV>
<P style="TEXT-ALIGN: center">47</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_52></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">10.&nbsp; LONG-TERM INVESTMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scicom
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 45pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On May 6, 2010 and June 16, 2010, TII purchased
additional 4,870,000 and 30,000,000 Scicom shares, respectively, with
transaction values amounting to US$0.76 million (equivalent to Rp.6,897 million)
and US$5.79 million (equivalent to Rp.53,556 million), respectively. As a
result, TII&#8217;s ownership in Scicom increased to 29.85%.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On August 11, 2010, based on a Circular Meeting of
Stockholders of Scicom, Scicom&#8217;s stockholders agreed to increase its issued and
fully paid capital by 1,260,000 shares which amounted to MYR126,000 million
(equivalent to Rp.356 million).&nbsp; As a result of the addition of Scicom
issued and fully paid capital, TII&#8217;s ownership in Scicom is diluted to
29.71%.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp; Melon</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On August 16, 2010, Metra established a joint
venture with SK Telecom called PT Melon Indonesia with 51% ownership (Note
1d.b). As Metra has no ability to control Melon therefore it is accounted for
using the equity method.&nbsp; Melon is engaged in providing Digital Content
Exchange Hub (&#8220;DCEH&#8221;) services. The DCEH is a new type of connection to
distribute digital content such as music file, games and video clip to be
accessed by costumers, online music store and telephone operator cable and
cellular. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iii.&nbsp;&nbsp; Patrakom</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Patrakom is engaged in providing satellite
communication system services, related services and facilities to companies in
the petroleum industry.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iv.&nbsp;&nbsp; CSM</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 45pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">CSM is engaged in providing Very Small Aperture
Terminal (&#8220;VSAT&#8221;), network application services and consulting services on
telecommunications technology and related facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.9pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">v.&nbsp;&nbsp;&nbsp;&nbsp; PSN</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSN is engaged in providing satellite transponder
leasing and satellite-based communication services in the Asia Pacific region.
The Company&#8217;s share in losses in PSN has exceeded the carrying amount of its
investment since 2001, accordingly, the investment value has been reduced to
Rp.nil.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0in 31.5pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">vi.&nbsp;&nbsp; BMPL</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 40.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">BMPL (Singapore), an associated entity of
Telkomsel, is engaged in providing regional mobile services in the Asia Pacific
region.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31,&nbsp;2010 and March 31, 2011,
Telkomsel&#8217;s contributions which represent 10% ownership interest amounted to
US$2,200,000 (equivalent to Rp.20,360 million). </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">vii.&nbsp; BBT</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">BBT is engaged in providing fixed line
telecommunication services at Batamindo Industrial Park in Muka Kuning, Batam
Island and at Bintan Beach International Resort and Bintan Industrial Estate in
Bintan Island.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">48</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">10.&nbsp; LONG-TERM INVESTMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">viii. Bangtelindo</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Bangtelindo is primarily engaged in providing
consultancy services on the installation and maintenance of telecommunications
facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND
EQUIPMENT</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 1, 2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisitions of Ad Medika</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deductions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">At cost:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Direct acquisitions assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">781,275</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,104</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">34,642</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,104</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">815,917</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,978,417</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,307</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,255</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(701</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">144,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,203,812</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">526,770</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">31</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">601,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,948,306</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">121,488</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(29,892</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,085,011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,124,913</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telegraph, telex and data communication
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,716</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(959</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">67,228,748</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,120,862</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(812,180</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,461,497</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">73,998,927</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,795,379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,242</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,922,126</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,621,586</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,166,157</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(248,929</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,273</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,541,087</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,368,721</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">176,926</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(16,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">738,714</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,268,320</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,602,865</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,185</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">157,904</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(615,396</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">749,774</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,896,332</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">476,705</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,988</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">493,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">576,098</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">69,578</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,259</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">643,493</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110,216</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">438</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,223</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(846</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">113,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">103,310</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">885</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">108,195</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property under construction:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">89,926</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">126,440</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(158,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">58,288</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">466</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,421</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,887</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">48,588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,035,446</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,083,991</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">358,562</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,537,094</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,606,953</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">288,703</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,559</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(42,324</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,856</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,492</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(828</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,520</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52,167</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">726,252</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(738,155</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,264</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,008</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">777,145</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(725,036</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">288,766</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,542</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,801</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">302,109</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">260,782</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,039</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">297,720</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">247,897</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,003</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(220,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(14,365</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,299</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,168</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">53,052</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CPE assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">RSA assets:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">92,990</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,976</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84,014</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,383</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(15,682</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,701</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">406,570</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,050</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">397,520</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,638</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">149,135,976</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,486,913</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,961,607</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(133,606</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">159,544,786</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1.1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.65pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">49</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_54></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND EQUIPMENT
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 1, 2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisitions of Ad Medika</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deductions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accumulated depreciation and
      impairment:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Direct acquisitions assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,485,234</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">97,475</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(151</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,296</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,577,262</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">381,536</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60,528</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">565</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">442,629</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,425,673</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,524,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(29,892</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,558</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,911,918</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telegraph, telex and data communication
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,391</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">742</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(959</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,794,959</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,321,602</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(812,916</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(114,375</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,189,270</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,136,685</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">475,860</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,620,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,688,600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,109,526</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(248,928</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(20,022</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,529,176</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,932,127</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">937,712</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(11,995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,213</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,855,631</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,094,420</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,315,718</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(615,394</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,818,288</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">351,875</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,594</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(352</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">366,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">465,291</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,169</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,025</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,922</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">509,357</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,507</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(622</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">37</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99,615</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">87,228</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,361</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">724</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">93,313</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">227,193</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,177</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">250,945</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">116,540</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52,835</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">170,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">201,039</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,275</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(220,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,510</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,133</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,176</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,268</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CPE assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,545</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,273</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,818</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">RSA assets:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">981</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">64</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,759</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,976</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,396</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,582</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(10,135</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,843</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">122,085</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">37,194</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,088</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">154,191</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,696</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(50</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,896</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">72,716,079</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,084,291</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,954,386</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(133,606</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,712,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net Book Value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">76,419,897</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,832,408</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">*as restated, refer to Note2p</FONT></P></DIV>
<P style="TEXT-ALIGN: center">50</P>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_55></A>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND EQUIPMENT
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 1, 2011</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deductions</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">At cost:</FONT></B></P></TD>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Direct acquisitions assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">815,917</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,397</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">820,314</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,203,812</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,663</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(93</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,238,251</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">601,078</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">610,119</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,124,913</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(102,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(731,577</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,312,389</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telegraph, telex and data communication
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(429</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,328</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">73,998,927</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">408,406</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(22,992</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">486,527</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,870,868</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,922,126</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">119</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,368</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,957,613</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,541,087</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">247,556</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(686,684</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,543,364</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22,558,595</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,268,320</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,438</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(129,746</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">167,151</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,329,163</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,896,332</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,628</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(272,960</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">219,643</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,869,643</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">493,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">537</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,793</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(13,958</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">477,479</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">643,493</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,919</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(30,030</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,094</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">671,476</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">113,031</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">890</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(461</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,978</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">116,438</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">108,195</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(506</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,516</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">116,315</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property under construction:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">58,288</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,796</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,284</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">78,800</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,887</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">323</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(28,395</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,815</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">206,016</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(205,788</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">271</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">288,703</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">924,914</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(879,561</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">334,056</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,307</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(25,481</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,520</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(81</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,439</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,264</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">162,687</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(162,410</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,541</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.9pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">67,758</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(110,810</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,065</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">302,109</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">302,109</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">297,720</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,249</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">306,969</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,299</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">550</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,849</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">53,052</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,547</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CPE assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">RSA assets:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84,014</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,113</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80,901</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,701</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">27,701</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">397,520</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,103</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">392,417</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,833</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,755</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">159,544,786</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,185,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,250,516</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,723,308</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">157,756,023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">51</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_56></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND EQUIPMENT
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.08%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 18.9pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 15pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 1, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 13pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 12pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deductions</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 10pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11.65pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accumulated depreciation and
      impairment:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 11.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Direct acquisitions assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Buildings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,577,262</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(93</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,889</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,630,115</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leasehold improvements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">442,629</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,183</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">189</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">459,001</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,911,918</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">649,957</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(102,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(959,416</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,499,755</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telegraph, telex and data communication
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">79</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,441</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,694</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,189,270</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,646,781</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(22,889</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(389,864</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">31,423,298</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite, earth station and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,620,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">123,376</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,743,421</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,529,176</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">271,651</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(686,684</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,493,159</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,620,984</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Power supply</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,855,631</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">230,680</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(127,874</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,205</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,954,232</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,818,288</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">281,060</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(272,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">88,821</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,916,164</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">366,117</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,474</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,793</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(13,698</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">353,100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">509,357</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,792</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(30,001</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,860</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">533,008</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99,615</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,384</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(389</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,978</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">103,588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">93,313</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,373</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(506</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,044</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">102,224</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">250,945</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,353</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">121</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">256,419</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Data processing equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">170,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,065</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">776</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">183,461</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Office equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,510</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">944</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,538</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,041</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,664</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,287</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,418</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CPE assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,818</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,386</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">RSA assets:</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,045</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Switching equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,579</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,113</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,140</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Transmission installation and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,843</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,186</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,029</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cable network</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">154,191</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,806</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">158,662</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications
      peripherals</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,896</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">56</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,833</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,119</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,712,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,296,555</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,247,225</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,689,952</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">83,071,756</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      Book Value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,832,408</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,684,267</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 13.5pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">52</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_57></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND EQUIPMENT
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Gains on disposal or
sale of </FONT></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">property, plant and equipment</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><SUP><FONT style="FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="60%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="60%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from sale of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,451</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="60%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      book value</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,436</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,291</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="60%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Gains on disposal or sale of property, plant
      and equipment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">409</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><SUP><FONT style="FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 31.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; KSO assets ownership
arrangements </FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the amended and restated
KSO VII agreement with </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PT Bukaka Singtel
International</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (&#8220;BSI&#8221;), the ownership rights to the acquired
property, plant and equipment in KSO VII are legally retained by BSI until the
end of the KSO period which is on December&nbsp;31, 2010. As of
December&nbsp;31,&nbsp;2010 the net book value of these property, plant and
equipment was Rp.710,484 million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the
amended and restated KSO IV agreement with PT Mitra Global Telekomunikasi
Indonesia</FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(&#8220;MGTI&#8221;), the ownership
rights to the acquired property, plant and equipment in KSO IV are legally
retained by MGTI until the end of the KSO period which is on December 31, 2010.
As of December&nbsp;31,&nbsp;2010 the net book value of this&nbsp;property,
plant and equipment was Rp.161,212 million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 31.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Assets impairment and
related claims</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.4pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of
March&nbsp;31,&nbsp;2010 and 2011, the Company operated two satellites, Telkom-1
and Telkom-2 primarily providing backbone transmission links for its network and
earth station satellite up-linking and down-linking services to domestic and
international users. As of March 31, 2011, there were no events or changes in
circumstances that would indicate that the carrying amount of the Company&#8217;s
satellites may not be recoverable. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; On April 7, 2010,
Nangroe Aceh Darussalam and the surrounding area experienced an earthquake from
which insurance claims for the replacement of the assets has been made.
Buildings and other equipments affected by the earthquake have been re-operated
gradually since April 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp; On June 16, 2010, Papua and
the surrounding area experienced an earthquake from which insurance claims for
the replacement of the assets has been made. Buildings and other equipments
affected by the earthquake have been re-operated gradually since June
2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">53</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND
EQUIPMENT</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest
capitalized to property under construction amounted to Rp.nil for the years
ended December 31, 2010 and for three months period ended March 31, 2011,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Foreign exchange loss capitalized as part of
property under construction amounted to Rp.nil for the years ended December 31,
2010 and for three months period ended March 31, 2011, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp; In 2010, the useful lives
of Company&#8217;s office and installation buildings, Submarine Cable Communication
System/Fiber Optic Communication System and Antenna and Tower were changed and
accounted for prospectively. The impact is a reduction in the amount
depreciation expense of Rp.126,025 million recognized to the 2010 consolidated
statement of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income (Note 2k).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp; The Company and its
subsidiaries own several pieces of land located throughout Indonesia with
Building Use Rights (&#8220;Hak Guna Bangunan&#8221; or &#8220;HGB&#8221;) for a period of 18-45 years,
which will expire between 2011 and 2052. Management believes that there will be
no difficulty in obtaining the extension of the land rights when they
expire.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(v)&nbsp;&nbsp;&nbsp;&nbsp; The Company was granted
the right to use certain parcels of land by the Ministry of Communications and
Information Technology of the Republic of Indonesia (formerly Ministry of
Tourism, Post and Telecommunications) where the legal title of those parcels of
land is still under the name of the Ministry of Tourism, Post and
Telecommunications and the Ministry of Transportation of the Republic of
Indonesia. As the transfer to the Company of the legal title of ownership on
those parcels of land is still in progress, the total magnitude of such
transfers is yet to be determined. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(vi)&nbsp;&nbsp;&nbsp; As of March 31, 2011, the
Company and its subsidiaries&#8217; property, plant and equipment, except for land,
were insured with PT Asuransi Jasa Indonesia (&#8220;Jasindo&#8221;), PT&nbsp;Asuransi
Ramayana Tbk, PT Sarana Janesia Utama, PT Asuransi Wahana Tata, PT Asuransi
Ekspor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Indonesia, PT&nbsp;Asuransi Sinar Mas, PT Asuransi Central Asia, PT Asuransi
Allianz Utama Indonesia, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">HSBC Insurance (Singapore) Pte,
Ltd, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PT Asuransi Astra Buana </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">and PT Asuransi Mitra Maparya </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">against fire, theft, earthquake and other specified
risks. Total cost of assets being insured amounted to Rp.72,054,188 million,
which was covered by sum insured basis with a maximum loss claim of Rp.953,618
million, US$12.02&nbsp;million, EUR0.22 million and SGD9.42 million and on first
loss basis of Rp.7,183,445 &nbsp;million including business recovery of
Rp.486,000&nbsp;million with the Automatic Reinstatement of Loss Clause. In
addition, Telkom-1 and Telkom-2 were insured separately for US$17.33 million and
US$38.27 million, respectively. Management believes that the insurance coverage
is adequate to cover potential losses of the insured assets.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(vii)&nbsp;&nbsp; As of March 31, 2011, the
completion of assets under construction was around 51.33% of the total contract
value, with estimated dates of completion between March 2011 and March 2012.
Management believes that there is no impediment to the completion of the
construction in progress.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">54</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">11.&nbsp; PROPERTY, PLANT AND
EQUIPMENT</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(viii) Certain property, plant and equipment of the
Company&#8217;s subsidiaries have been pledged as collateral for lending agreements
(Notes 18 and 22).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 40.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.15pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ix)&nbsp;&nbsp; The Company and its subsidiaries
have lease commitments for property, plant and equipments under RSA,
transmission installation and equipment, data processing equipment, office
equipment, vehicles and CPE assets, with the option to purchase certain leased
assets at the end of the lease terms. Future minimum lease payments for assets
under </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">finance&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> leases as of
December&nbsp;31,&nbsp;2010 and March 31, 2011 are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.04%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 59.4pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">286,257</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">273,942</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">203,383</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">190,361</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2013</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">141,579</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">136,840</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2014</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">98,374</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">76,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">201</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">23,665</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">21,834</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Later</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">56,476</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">51,896</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total minimum lease payments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">809,734</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">751,020</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(202,805</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(182,511</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      present value of minimum lease payments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">606,929</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">568,509</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturities (Note 19a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(198,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(192,468</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="56%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term portion </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 19b)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">408,867</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">376,041</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">12.&nbsp; ADVANCES AND OTHER NON-CURRENT
ASSETS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Advances and other non-current assets as of
December&nbsp;31,&nbsp;2010 and March 31, 2011 consist of:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances for purchase of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,334,639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,571,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid rent - net of current portion (Note
      8)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,052,331</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,008,415</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">447,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">427,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Restricted cash</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">101,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">169,193</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security deposits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">62,469</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">47,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Equipment not used in operations -
      net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,675</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,891</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,873</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,121</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,052,695</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,307,615</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Deferred charges represent deferred Revenue-Sharing
Arrangements (&#8220;RSA&#8221;) charges, deferred Indefeasible Right of Use (&#8220;IRU&#8221;)
Agreement charges, and deferred land rights
charges.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December&nbsp;31, 2010 and March&nbsp;31, 2011, deferred charges
amortization amounted to Rp.18,638 million and Rp.19,491 million,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp; &nbsp;</FONT></P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">55</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">12.&nbsp; ADVANCES AND OTHER NON-CURRENT ASSETS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of
December 31, 2010 and March 31, 2011 restricted cash represent time deposits
with original maturities of more than one year pledged as collateral for bank
guarantees among others for the USO contract (Note 47h).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of
December 31,&nbsp;2010 and March&nbsp;31, 2011, equipment not used in operations
represents Base Transceiver Station (BTS) and other equipment of the Company and
Telkomsel temporarily taken out from operations but planned to be reinstalled.
Telkomsel&#8217;s depreciation expense charged to the consolidated statements of
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income for the year ended December 2011 and three
months ended March 31, 2011 amounted to Rp.303 million and Rp.75&nbsp;million,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Refer to
Note 44 for details of related party transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">13.&nbsp; GOODWILL AND OTHER INTANGIBLE
ASSETS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The changes in the carrying amount of goodwill and
other intangible assets for the years ended December 31, 2010 and for three
months period ended March 31, 2011are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 25pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Goodwill</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other intangible assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Gross carrying amount:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,085,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">806,861</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,998,939</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Company&#8217;s software</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">174,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">174,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The subsidiaries&#8217; software</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">543,276</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">543,276</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The subsidiaries&#8217; license</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisitions of Ad Medika</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">45,591</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130,827</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassification</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,661</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25,661</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">191,780</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,874,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">812,429</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,878,557</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accumulated amortization:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(21,373</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,385,950</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(163,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,570,659</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization expense during the
      year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,877</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,413,765</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(86,584</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,508,226</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(15,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(15,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(29,250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,814,862</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(249,920</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,094,032</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      Book Value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">162,530</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,059,486</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">562,509</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,784,525</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Weighted-average amortization
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 38pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20
      years</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6.99
      years</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.38
      years</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 38pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 25pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Goodwill</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other intangible assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">License</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Gross carrying amount:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">191,780</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,874,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">812,429</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,878,557</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additions:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Company&#8217;s software</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,042</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,042</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The subsidiaries&#8217; software</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,355</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,355</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, March 31, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">191,780</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,946,745</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">812,429</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,950,954</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accumulated amortization:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, December 31, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(29,250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,814,862</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(249,920</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,094,032</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization expense during the
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(128,810</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,663</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(131,473</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Reclassifications</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(19,679</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(19,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balance, March 31, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(29,250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,943,667</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(272,262</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,245,179</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      Book Value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">162,530</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,003,078</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">540,167</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,705,775</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="40%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Weighted-average amortization
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 27pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6.79
      years</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.09
      years</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">56</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_61></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">13.&nbsp; GOODWILL AND OTHER INTANGIBLE ASSETS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 14.45pt 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Goodwill resulted from the
acquisition of Sigma in 2008, Indonusa in 2008 and Ad Medika in 2010 (Note 4).
S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">tarting January 1, 2009, the Company has changed
the estimated useful lives of goodwill from 5 years to 20 years (Note
2d).</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> The Company prospectively accounted for the impact
of the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">changes in the estimated useful lives</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> in 2009 consolidated statement of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income. Other intangible assets also included the
acquisitions of Dayamitra, Pramindo, TII, KSO IV and KSO VII, and represented
the rights to operate the business in the KSO areas.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iii)&nbsp; The up-front fee paid by Telkomsel in
February 2006 for the 3G license amounting to Rp.436,000&nbsp;million was
recognized as an intangible asset and is amortized over the term of the
3G&nbsp;license. In 2009, Telkomsel obtained an additional 3G&nbsp;license of
Rp.320,000 million which is recorded as an intangible assets and amortized over
10&nbsp;years (Notes 1d.a, 2j, 44a.ii and 48c.i).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iv)&nbsp; In 2009, the Company was granted a
switched based local network provider license using 2.3 GHz radio frequency
bandwidth for wireless broadband services. The up-front fee is recorded as an
intangible assets and amortized over the license&#8217;s useful life of 10
years.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(v)&nbsp;&nbsp; The estimated annual amortization
expense relating to other intangible assets from April 1, 2011 is approximately
Rp.477,215 million.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(vi)&nbsp; As of March 31, 2011, management
believes that there was no indication of impairment. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">14.&nbsp; ESCROW ACCOUNTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Escrow accounts as of December&nbsp;31,&nbsp;2010
and March 31, 2011 consist of the following: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,552</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,197</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others (each below Rp.1
billion)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,662</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,307</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The escrow account with Bank Mandiri were
established in relation with the Palapa Ring Consortium Construction and
Maintenance Agreement (&#8220;C&amp;MA&#8221;) as an initial deposit 5% of the commitment
value (Note 48c.ii).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">57</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_62></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">15.&nbsp; TRADE PAYABLES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Radio frequency usage charges,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      Concession fees</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Universal Service Obligation</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">393,686</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">307,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Purchases of equipment, materials and
      services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">556,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">261,107</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payables to other telecommunications
      providers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">203,755</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">134,306</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,153,874</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">702,918</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Purchases of equipment, materials and
      services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,269,253</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,756,066</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payables to other telecommunications
      providers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">87,668</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">50,377</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sub-total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,356,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,806,443</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,510,795</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,509,361</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Trade payables by currency are as follows:
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,378,075</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,551,313</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,126,144</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,892,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,128</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,334</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Malaysian Ringgit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,624</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,645</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Singapore Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,645</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,179</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">191</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,510,795</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,509,361</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">16.&nbsp; ACCRUED EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Operations, maintenance and
      telecommunications services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,773,794</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,918,911</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Salaries and benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">894,733</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,059,830</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">General, administrative and
      marketing</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">514,367</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">751,732</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest and bank charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">226,366</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">203,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,409,260</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,933,530</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">58</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_63></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">17.&nbsp; UNEARNED INCOME</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid pulse reload vouchers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,419,099</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,546,505</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other telecommunications services
    </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">131,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">145,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">131,164</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">163,823</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="58%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,681,483</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,855,948</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 11pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">18.&nbsp; SHORT-TERM BANK LOANS</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.25pt; MARGIN: 0in 0.05pt 0pt 42.55pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 40pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 40pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 37pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 45pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 45pt; punctuation-wrap: simple" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Lenders</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 2pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 10pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank CIMB Niaga</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,359</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,360</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,472</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,404</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.42</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,676</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Syariah Mandiri (&#8220;BSM&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">55,831</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,440</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.4pt; MARGIN: 0in 0in 0pt 21.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 97.72%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 22.5pt" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      CIMB Niaga</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 25, 2005<SUP>a</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      29, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment (Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">inventories (Note 7), </FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 29, 2008<SUP>a</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      29, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment (Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Inventories (Note 7), </FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 29, 2008<SUP>a</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      29, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment(Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">inventories(Note 7), </FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 18, 2005<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">GSD</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 18, 2011</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.75%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment (Note
      11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      14, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Infomedia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      14, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">59</P>
<HR align=center SIZE=2 width="100%" noShade>

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<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">18.&nbsp; SHORT-TERM BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 97.72%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 22.5pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">February 11, 2009<SUP>c</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.55</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June
      13, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trades receivable </FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 7, 2009<SUP>d</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July
      1, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables </FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6) property,</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">plant and equipment</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 2, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July
      1, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment (Note
      11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT
      Bank Syariah Mandiri (&#8220;BSM&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 20, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 20, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment (Note 11),
      inventories (Note 7), trade receivables (Note 6)</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">insurance and letter of comfort</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 1, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 30, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plant and equipment(Note 11),
      inventories (Note 7), trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The credit facilities obtained by the Company&#8217;s
subsidiaries are used for working capital purpose.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">a</FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp; Based on
the latest amendment on May 24,&nbsp;2010.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">b</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the latest amendment on March 31,
2011.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">c</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the latest amendment on July 1,
2010.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">d</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the latest amendment on July 1,
2010.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">19.&nbsp; MATURITIES OF LONG-TERM
LIABILITIES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a. &nbsp;&nbsp;&nbsp; Current
maturities</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="39%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,478,247</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,631,222</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two-step loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">395,363</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">385,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Obligations under </FONT><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">finance&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">198,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">192,468</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">126,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">164,989</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred consideration for business
      combinations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-&nbsp;&nbsp; </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="39%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,303,636</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,373,982</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">60</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_65></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">19.&nbsp; MATURITIES OF LONG-TERM LIABILITIES
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b. &nbsp;&nbsp;&nbsp; Long-term portion
</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="72%" colSpan=11>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(In
      billions of Rupiah)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 2pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 8pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 8pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2012</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 17pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2013</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 11pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2014</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 9pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2015</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 6pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Later</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 6pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,099.8</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,920.5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,554.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,409.2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">903.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">311.9</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,280.7</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">152.9</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">97.8</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,005.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,995.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two-step loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,531.5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">264.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">312.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">315.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">317.7</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,321.6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Obligations under finance
leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">376.1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">144.3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">110.9</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">64.3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14.5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42.1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,288.1</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,482.3</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,075.9</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,818.5</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,240.8</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,670.6</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">20.&nbsp; TWO-STEP LOANS </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Two-step loans are unsecured loans obtained by the
Government, which are then re-loaned to the Company. The loans entered into up
to July 1994 were recorded and payable in Rupiah based on the exchange rate at
the date of drawdown. Loans entered into after July 1994 are payable in their
original currencies and any resulting foreign exchange gain or loss is borne by
the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 44pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="30%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="30%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 6pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 19pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 19pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Lenders</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 17pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Overseas bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 28pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,750.57</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,191,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,750.57</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,131,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 28pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">120.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,088,639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">111.32</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">969,569</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 28pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">856,649</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">816,101</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,136,666</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,916,844</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturities (Note 19a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(395,363</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(385,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term portion </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 19b)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,741,303</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,531,541</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.2pt; MARGIN: 0in 0in 0pt 22.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Lenders</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 47pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Overseas bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 47pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.00% - 6.67%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 47pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 17pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 11pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7.57% - 7.73%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 9.9pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="36%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 58pt; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 12pt; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3.10%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 9.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The loans are intended for the development of
telecommunications infrastructure and supporting equipment. The loans are
payable in semi-annual installments and are due on various dates through
2024.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.4pt; MARGIN: 0in 0in 0pt 21.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Since 2008, the Company has used all facilities
under the two-step loans program and the drawdown period for the two-step loans
has expired.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company is required to maintain financial
ratios as follows: </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">61</P>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">20.&nbsp; TWO-STEP LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Projected net revenue to
projected debt service ratio should exceed 1.5:1 and 1.2:1 for
the&nbsp;&nbsp;&nbsp;&nbsp; two-step loans originating from the World Bank and
Asian Development Bank (&#8220;ADB&#8221;), respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Internal financing
(earnings before depreciation and interest expense) should exceed 50% and 20%
compared to annual average capital expenditures for loans originating from World
Bank and ADB, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, the Company complied with the
above mentioned ratios. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">21.&nbsp; BONDS AND NOTES </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 44pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">December 31,
      2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="28%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">March 31,
    2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="28%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 6pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 19pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 19pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Bonds and
      notes</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(in
    millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(in
    millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Bonds</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Series A</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,005,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,005,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Series B</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,995,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,995,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Medium Term Notes (&#8220;MTN&#8221;
      )</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Metra</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">47,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">45,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Finnet</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">23,750</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">22,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Promissory
    Notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">PT. ZTE Indonesia
      (&#8220;ZTE&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">7.08</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">63,824</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">6.75</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">58,792</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Huawei Tech</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">23.46</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">211,524</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">33.21</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">289,227</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">3,376,098</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">3,445,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Current maturities (Note
      19a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">(126,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">(164,989</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Long-term
      portion</FONT></B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(Note 19b)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">3,249,379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt; punctuation-wrap: simple" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">3,280,730</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp;
Bonds</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Bonds</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Principal</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Issuer</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Listed</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">on</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Issuance</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Maturity</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">payment</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">method</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 5pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">rate</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">per annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 5pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Series A</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,005,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">The Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">IDX</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">June 25, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">July 6, 2015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">9.60%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Series B</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">1,995,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">The Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">IDX</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">June 25, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">July 6, 2020</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">10.20%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">3,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The bonds are secured by all assets owned by the
Company. The underwriter of the bonds are </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PT Bahana Securities, PT
Danareksa Sekuritas and PT Mandiri Sekuritas. And the trustee is PT CIMB Niaga
Tbk.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company received the proceeds of the issuance
of bonds on July 6, 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: center">62</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">21.&nbsp; BONDS AND NOTES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face="Times New Roman,serif">Bonds
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The funds received from public offering of bonds
net of issuance costs, are to be used for increasing capital expenditure which
consisted of: wave broadband (bandwidth, softswitching, datacom, information
technology and others), infrastructure (backbone, metro network, regional metro
junction, internet protocol, and satellite system), and optimizing legacy and
supporting facilities (fixed wireline and wireless).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, the rating for the bonds
issued by </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PT Pemeringkat Efek Indonesia (Pefindo) is idAAA
(</FONT><I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">stable outlook</FONT></I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">).&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.05pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on indenture trusts agreement, the Company is
required to comply with all covenants or restrictions including maintaining
financial ratios as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Debt to equity ratio
should not exceed 2:1.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2.
&nbsp;&nbsp;&nbsp; EBITDA to interest expenses ratio should not be less than
5:1.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp; Debt service coverage is
125%</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">As
of March 31, 2011, the Company complied with the above mentioned
ratios.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp;
MTN</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Notes</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Principal</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Issuance</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Maturity</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">payment</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">method</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face="Times New Roman,serif">MTN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Metra</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">June 9, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">June 19, 2012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Phase 1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Phase 2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">20,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">February 1,
    2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">February 2,
    2013</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">October 16,
    2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">November
    17,2014</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Finnet</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Phase 1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">10,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">October 16,
    2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">November 17,
    2012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Phase 2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">15,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">March 18, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">March 24, 2013</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Arranger of the Medium Term Notes is
</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">PT Bahana Securities, Bank Mega is acting as
Trustee, and PT Kustodian Sentral Efek Indonesia (&#8220;KSEI&#8221;) acting as Collecting
Agent and Custodian.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Metra</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Proceeds from the issuance of MTN were used to
expand the business and as working capital.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">The MTN bear floating interest rates for the first
year of 15.05% and 12.01% for the first and second phase, respectively. For the
second and third years, interest rate for the first and second phase is the
average return (yield) of three Government Bonds (&#8220;Surat Utang Negara&#8221; or SUN)
with a remaining period of time equal to the second and third years of MTN plus
a 4.02% premium. Repayment of the principal is in increments of 10%, 20% and 70%
on the first, second and third anniversary of the Issuance Date,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">63</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">21.&nbsp; BONDS AND NOTES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face="Times New Roman,serif">MTN
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Metra </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Metra secures with a minimum value of 40% of the
outstanding MTN principal. The maximum value of 60% of the outstanding MTN
principal is unsecured and at all times ranked (pari passu) with other unsecured
debts of Metra. Metra may buy back all or part of the MTN at any time before the
maturity date of the MTN.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Based on the agreements, Metra is required to
comply with all covenants or restrictions including maintaining financial ratios
as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1.
&nbsp;&nbsp;&nbsp; Debt to Equity maximum 1.5:1</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2.
&nbsp;&nbsp;&nbsp; EBITDA to Interest Ratio minimum 2.5. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">As of March 31, 2011, Metra complied with the above
mentioned ratios.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp;&nbsp;
Sigma</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Proceeds from the issuance of MTN were used to
expand the business.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The MTN bear interest rates for the first year of
14.5% and for the second up to the fifth years from the Issuance Date based upon
the average interest rate of one-month SBI plus a 800 basis points premium.
One-month SBI is calculated based on the average interest rates of one-month SBI
in the last 6 months at the time of the determination of the interest of MTN.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The MTN are not secured by a specific collateral,
but secured by all of Sigma&#8217;s assets. These movable or fixed property, either
existing or in the future, are collateral for assets of MTN holders and at all
times ranked (pari passu) without any preference with other creditor privileges
in accordance with prevailing regulations. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the agreements, Sigma is required to
comply with all covenants or restrictions including maintaining financial ratios
as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1.
&nbsp;&nbsp;&nbsp; Debt to Equity maximum 2.5:1 </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Funded debt and
maximum of five times EBITDA in 2009, three and a half times in 2010 and two and
a half times in 2011.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, Sigma complied with the above
mentioned ratios.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">iii.&nbsp;&nbsp;&nbsp;
Finnet</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Proceeds from issuance of MTN were used for the
investment of hardware and software, project development and bridging loan
payments for projects.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Repayment of principal for the first phase MTN are
1% each month on the 7<SUP>th</SUP> until 12<SUP>th</SUP> month, 2% each month
on the 13<SUP>th</SUP> until 35<SUP>th</SUP> month, and the remaining 48% will
be paid on November 17, 2012.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">64</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">21.&nbsp; BONDS AND NOTES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; MTN
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">iii.&nbsp;&nbsp;&nbsp; Finnet
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Repayment of principal for the second phase MTN are
2% each month on the following month until 35<SUP>th</SUP> month and the
remaining 30% will be paid on March 24, 2013.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The MTN bear interest rates of 16.25% per
annum.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">MTN are not secured by a specific collateral, but
secured by all Finnet&#8217;s assets which are movable property or fixed property,
either existing or in the future will become collateral for MTN holders and at
all times ranked (pari passu) without any preference with other Finnet&#8217;s
creditor privileges in accordance with prevailing regulations. Finnet may buy
back all or part of the MTN at any time before the maturity date of the MTN.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the agreements, Finnet is required to
comply with all covenants or restrictions including maintaining financial ratio
as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Debt to Equity maximum
2.5:1 (only if MTN is given by Finnet to third party)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; EBITDA to Interest Ratio
minimum 2.5.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 8pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, Finnet complied with the
above mentioned ratios.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.4pt; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; punctuation-wrap: simple"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp;
Promissory Notes</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; punctuation-wrap: simple"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.34%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Supplier</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Principal</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Issuance</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">date</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">payment</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">method</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">rate</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT. ZTE Indonesia(&#8220;ZTE&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 20, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(June 10, 2010 - </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May
      25, 2013)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6
      month LIBOR+2.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Huawei Tech Investment (&#8220;Huawei
      Tech&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June
      19, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(September 19, 2010 - June 23,
      2013)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6
      month LIBOR+2.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on Agreement of Frame Supply and Deferred
Payment Arrangement between the Company with ZTE and Huawei Tech, the promissory
notes issued by the Company to ZTE and Huawei Tech is an unsecured supplier
financing facility covered 85% of Hand Over Report (&#8220;Berita Acara Serah Terima&#8221;
or BAST) projects with ZTE and Huawei Tech.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">65</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="28%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="28%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 25pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Original</FONT></B></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Lenders</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Export-Import Bank of Korea<SUP>
      &nbsp;</SUP>(&#8220;Korea Eximbank&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,989</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">102,403</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,075,556</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,593,334</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,755,556</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,333,334</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,150,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">666,667</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank CIMB Niaga</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,215</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,129</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">822,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">533,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">79,378</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,682</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Syndication of banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,500,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,862,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank OCBC Indonesia (&#8220;OCBC
      Indonesia&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">177,600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">177,600</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OCBC NISP</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">444,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">444,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ABN Amro Bank N.V. Stockholm Branch and
      Standard Chartered Bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">54.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">487,106</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">54.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">471,828</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Industrial and Commercial Bank of China
      Limited (&#8220;ICBC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">46.36</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">416,783</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">46.36</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">403,711</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank of China (&#8220;BoC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17.68</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">158,959</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18.89</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">164,481</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finnish Export Credit Ltd</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16.58</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">149,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60.75</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">529,106</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japan Bank for International Cooperation
      (&#8220;JBIC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">53.90</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">485,907</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">53.90</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">469,467</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BTN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,084</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,601</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank Index Selindo (&#8220;Bank
      Index&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">502</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">434</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,839,697</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,857,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unamortized debt issue cost</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(105,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(126,305</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,734,452</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,730,972</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturities (Note 19a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,478,247</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,631,222</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="26%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term portion</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      (Note 19b)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1pt; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,256,205</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,099,750</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.4pt; MARGIN: 0in 0in 0pt 21.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">66</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_71></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Export-Import Bank of Korea (&#8220;Korea
      Eximbank&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 27, 2003<SUP> a</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually (December 30,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2006- June 30,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.68%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June 15, 2007<SUP>b&amp;c</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">700,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 30, 2008 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">January 30, 2010)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 24, 2007<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">750,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 30, 2008 - April 30,</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.17%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 23, 2008<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,300,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(July 30, 2009 - July 30,</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      month JIBOR+2.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 3, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 9, 2010 -January 9,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2014)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 5, 2010<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 7, 2012 - January 7,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2016)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.20%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BCA</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 14, 2008<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 21,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2009 - January 21,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1
      month JIBOR+1.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 3, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 9, 2010 - January 9,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2014)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 5, 2010<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 7, 2012 - January 7,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2016)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.20%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 16, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TII</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">200,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 24, 2007<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">750,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 30, 2008 - April 30,</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.17%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 14, 2008<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 21,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2009 - January 21,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1
      month JIBOR+1.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 3, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">750,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 3, 2011 - January 3,</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2015)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+3.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 13, 2010<SUP>h</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank CIMB Niaga</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 28, 2004<SUP>d</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,200</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(December 29, 2004 - June 28,
    2010)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note 11),
      inventories (Note 7), and trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 21, 2007</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">GSD</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 2007 &#8211; July</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2015)&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">67</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_72></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Payment </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">per annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Bank CIMB Niaga (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">November 23, 2007</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">GSD</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">8,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(December 23, 2007 &#8211; November 23,
      2012)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">11%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">July 28, 2009<SUP>e</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,743</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(February 28, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">December 28, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">11.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note 11),
      inventories (Note 7),</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">and trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">May 24, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(June 9, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">May 27, 2015)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">11.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note 11),
      inventories (Note 7),</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">and trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">GSD</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">47,850</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">9.75%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">October 24, 2007<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(December 25, 2008 &#8211; December 25,
      2010)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3 months JIBOR+1.17%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">July 28, 2008<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(February 4,2009 -</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">February 4, 2011)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1 month JIBOR+1.50%</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">September 2, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">800,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Semi-annually </FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">March 8, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">March 8, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3 months JIBOR+1.50%</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">October 13, 2010<SUP>h</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">The Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3 months JIBOR+1.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Bank Ekonomi</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">December 7, 2006<SUP>f</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">14,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(December 12, 2006 -December 12,
      2012)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note 11),
      and trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">March 9, 2007<SUP>f</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">13,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(January 2008 -</FONT></P>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">December 2012)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">and trade receivables (Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">68</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_73></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Ekonomi (continued)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 45.9pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 10, 2008<SUP>f</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 2009 &#8211; </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 2015)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 45.9pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 7,
2009<SUP>f&amp;g</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35.000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthlysome installment</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(September 4, 2009 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 25, 2013)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and equipments (Note
      11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 7, 2009<SUP>f</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthlysome installment</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(November 19, 2009 &#8211; August 4,
      2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equipments (Note 11), and trade
      receivables</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">February 24, 2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sigma</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(March 24, 2011 - February 24,
      2015)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equipments (Note 11),</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Syndication of banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July 29, 2008<SUP>h </SUP>(BNI, BRI and Bank
      Jabar)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,400,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(February 25, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July
      28, 2013)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.20%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June 16,<SUP>
      &nbsp;</SUP>2009<SUP>h</SUP>(BNI and BRI)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,700,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(January 25, 2011 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June
      15, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+2.45%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT ANZ Panin Bank (&#8220;ANZ Panin&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 4, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,000,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(March 8, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 8, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+1.75%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BII</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 15, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">500,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(March 29, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 29, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+2.06%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PT Bank OCBC Indonesia(&#8220;OCBC
      Indonesia&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 2, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">200,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(November 2, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 2, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+3.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">OCBC NISP</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 2, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">500,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(November 2, 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 2, 2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Quarterly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3
      months JIBOR+3.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">ABN Amro Bank N.V. Stockholm Branch and
      Standard Chartered Bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 30,
    2009<SUP>b&amp;i</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">318</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 2011 &#8211; </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">October 2016)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6
      months LIBOR+0.82%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">69</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_74></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0in 22.5pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total facility</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interes payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest rate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.3pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.3pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Borrower</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currency</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">schedule</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">per
      annum</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.3pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.3pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Industrial and Commercial Bank of China
      Limited(&#8220;ICBC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 30,
    2009<SUP>b&amp;j</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">266</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(April 2011 - October</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2016)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6
      months LIBOR+1.20%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank of China (&#8220;BoC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 30, 2009<SUP>b</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(June 30, 2012- December 30,
    2017)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6
      months LIBOR+2.55%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finnish Export Credit Ltd</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 2, 2010<SUP>b&amp;k</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">264</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Jan
      2011 - Juli 2015)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">CIRR+2.50%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japan Bank for International Cooperation
      (&#8220;JBIC&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 26,
2010<SUP>l&amp;m</SUP></FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">59.89</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(October 26, 2010 &#8211; </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 26, 2015)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Semi-annually</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.56% and 6 months</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">LIBOR+0.70%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BTN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.3pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 10, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ad
      Medika</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly </FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(September 10, 2009 -
      September10,2014)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13.00%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property, plants and</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equipments (Note 11)</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">and
      trade receivables</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Index</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May 12, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Balebat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">590</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(September 2010 -</FONT></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 2012)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Property plants and</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Equipments (Note 11)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Standard Chartered Bank</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 6, 2010</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">TII</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8.0</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.3pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="100%" colSpan=16>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      credit facilities obtained by the Company and its subsidiaries are used
      for working capital purpose.</FONT></P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">a
      &nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The credit facility obtained by the Company
      is used for financing the Code Division Multiple Acess (&#8220;CDMA&#8221;)
      procurement from the Samsung consortium.</FONT></P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">b&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel has no collateral for its bank
      loans, or other credit facilities. The terms of the various agreements
      with Telkomsel&#8217;s lenders and financiers require compliance with a number
      of pledges and negative pledges as well as financial and other covenants,
      which include among other things, certain restrictions on the amount of
      dividends and other profit distributions which could adversely affect the
      Telkomsel&#8217;s capacity to comply with its obligation under the facility. The
      terms of the relevant agreements also contain default and cross default
      clauses. As of March 31, 2011, Telkomsel has complied with the above
      covenants.</FONT></P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">c&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Based on the latest amendment on July
      24,&nbsp;2007.</FONT></P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">d&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Based on the latest amendment on July
      28,&nbsp;2009.</FONT></P>
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">e
      &nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Based on the latest amendment on May
      24,&nbsp;2010.</FONT></P>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">70</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_75></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">22.&nbsp; BANK LOANS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">f &nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">These credit facilities includes certain
restrictive covenants which require Sigma to obtain written consent from Bank
Ekonomi prior to acting as guarantor for third party loan, mortgaging the land
to other bank or third party, leasing the land to third party, withdrawing the
facility exceeding the maximum facility limit, changing Sigma&#8217;s legal status,
distributing or declaring dividend and paying shareholder&#8217;s receivables. As of
March 31, 2011, Sigma has complied with the above covenants.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">g&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the latest amendment on September
17,&nbsp;2009.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">h&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As stated in the agreements, the Company is
required to comply with all covenants or restrictions including maintaining
financial ratios as follows, in which the Company has complied with as of March
31, 2011 as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Debt to equity ratio should not exceed
2:1.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Debt service coverage ratio should exceed
125%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to the agreements with PT Ericsson
Indonesia (&#8220;Ericsson Indonesia&#8221;) and Ericsson AB (Note 48a.ii), Telkomsel
entered into an EKN-Backed Facility Agreement (&#8220;facility&#8221;) with ABN Amro Bank
N.V. Stockholm Branch (as &#8220;the original lender&#8221;) &nbsp;and Standard Chartered
Bank (&#8220;SCB&#8221;) (as &#8220;the original lender&#8221; , &#8220;the arranger&#8221;, &#8220;the facility agent&#8221;
and &#8220;the EKN agent&#8221;), ABN Amro Bank N.V., Hong Kong (as &#8220;the arranger&#8221;) for the
purchase of Ericsson telecommunication equipment and services. The facilities
consist of facility 1, 2 and 3 amounting to US$117 million, US$106 million and
US$95 million, respectively. The availability period of remaining facility 2
expired in March 2011.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
j&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to the agreements with
Huawei International Pte.Ltd. (&#8220;Huawei International&#8220;) and PT&nbsp;Huawei Tech
Investment (&#8220;Huawei Tech&#8221;) (Note 48a.ii), Telkomsel entered into a
Sinosure-Backed Facility Agreement with the ICBC for the purchase of Huawei Tech
telecommunication equipment and services. The facilities consist of facility 1
and 2 amounting to US$166 million and US$100 million, respectively, including
premium of US$16 million. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The availability period of remaining
facility 1 expired in December 2010.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; k&nbsp;&nbsp;&nbsp;
</FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to agreements with Nokia Siemens Networks
Oy, PT Nokia Siemens Networks and Nokia Siemens Networks GmbH &amp; Co.KG (Note
48a.ii). Telkomsel entered into a Finnvera-backed facility agreement with
Finnish Export Credit Ltd (&#8220;FEC&#8221;) (as &#8220;the original lender&#8221;), Citibank, N.A.,
Jakarta Branch and Credit Suisse AG, Zurich (as &#8220;the arrangers&#8221;), The Hongkong
and Shanghai Banking Corporation (&#8220;HSBC&#8221;) limited (as &#8220;the arranger&#8221; and &#8220;the
FEC counterparty&#8221;), and HSBC Bank Plc (as &#8220;the agent&#8221;) for the purchase of Nokia
Siemens Networks telecommunication equipment and services. The facilities
consist of facility 1 and 2 amounting to US$127 million and US$137 million,
respectively, including premium of US$14 million. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
availability period of remaining facility 1 expired in March 2011.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
l&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In connection with the agreement
with NSW-Fujitsu Consortium, the Company entered into a loan agreement with
JBIC, the international arm of Japan Finance Corporation for the purchase of
NSW-Fujitsu Consortium telecommunication equipment and services. The facilities
consist of facility&nbsp;A and&nbsp;B amounting to US$36 million and US$24
million.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">m&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As stated in the agreements, the Company is
required to comply with all covenants or restrictions including maintaining
financial ratios as follows, in which the Company has complied with as of March
31, 2011 as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Debt to equity ratio should not exceed
2:1.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Debt service coverage ratio should exceed
150%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">23.&nbsp; DEFERRED CONSIDERATION FOR BUSINESS
COMBINATIONS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Deferred consideration represents the Company's
obligations to the Selling Stockholders of MGTI in respect of the Company&#8217;s
acquisition of KSO IV and BSI in respect of the Company&#8217;s acquisition of KSO
VII, with details as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">71</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_76></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">23.&nbsp; DEFERRED CONSIDERATION FOR BUSINESS
COMBINATIONS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 29pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 7pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">KSO
      IV transaction</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">MGTI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,552</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less
      discount</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,552</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">KSO
      VII transaction</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BSI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less
      discount</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.1pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,693</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.1pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturity - net of discount (Note
      19a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(105,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term portion - net of discount
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 19b)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; KSO IV
transaction</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The outstanding balance relating to the KSO IV
transaction arose from acquisition of KSO IV by the Company, based on amendment
and restatement of KSO agreement entered into by the Company and MGTI on
January&nbsp;20,&nbsp;2004. Based on the agreement, in consideration for the
Company obtaining legal right to control the financial and operating decision of
KSO IV, the Company has agreed to pay MGTI the total purchase price of
approximately US$390.7 million (equivalent to Rp.3,285,362&nbsp;million), which
represents the present value of fixed monthly payments (totaling US$517.1
million), payable to MGTI beginning February 2004 through January&nbsp;2011 at a
discount rate of 8.3%, plus the direct cost of the business combination.&nbsp;
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 the remaining monthly
payments to be made to MGTI, before unamortized discount, amounted to US$6.83
million (equivalent to Rp.61,552 million) and on January 2011 the loan was fully
repaid.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; KSO VII
transaction</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The outstanding balance relating to the KSO VII
transaction arose from acquisition of KSO VII by the Company, based on amendment
and restatement of the KSO agreement entered into by the Company and BSI on
October 19,&nbsp;2006. Based on the agreement, in consideration for the Company
obtaining legal right to control the financial and operating decision of KSO
VII, the Company has agreed to pay BSI the total purchase price of approximately
Rp.1,770,925 million which represents the present value of fixed monthly
payments (totaling Rp.2,359,230&nbsp;million), payable to BSI beginning October
2006 through January&nbsp;2011 at a discount rate of 15%, plus the direct cost
of the business combination.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 the remaining monthly
payments to be made to BSI, before unamortized discount, amounted to Rp.43,693
million and on January 2011 the loan was fully repaid.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">72</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_77></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">24.&nbsp; NON-CONTROLLING INTEREST</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling interest in net assets of
      subsidiaries:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,970,890</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,963,221</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Metra</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,311</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,873</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Infomedia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,840</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,275</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,996,041</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,991,369</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-controlling interest in comprehensive
      income (loss) of subsidiaries:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">989,419</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">992,343</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Metra</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,115</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,550</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Infomedia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(554</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">435</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">989,980</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">995,328</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">25.&nbsp; CAPITAL STOCK</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%" colSpan=5>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 35pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Number of</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 13pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 26pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 26pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Description</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">shares</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of ownership</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">paid-up capital</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Series A Dwiwarna share
    Government</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Series B shares Government</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,320,470,711</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52.47</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,580,118</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Bank of New York Mellon
      Corporation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,394,970,656</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">598,743</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Directors (Note 1b):</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ermady Dahlan</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,604</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Indra Utoyo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,508</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Public (individually less than
    5%)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,953,960,300</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35.35</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,738,490</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,669,424,780</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,917,356</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Treasury stock (Note 27)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">490,574,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">122,644</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,159,999,280</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><SUP><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">73</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_78></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">25.&nbsp; CAPITAL STOCK </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="44%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%" colSpan=5>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="44%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Number of</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 13pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Percentage</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 26pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Description</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">shares</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of
      ownership</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">paid-up capital</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Series A Dwiwarna share
    Government</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Series B shares Government</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,320,470,711</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52.47</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,580,118</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Bank of New York Mellon
      Corporation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,902,195,696</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14.75</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">725,549</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Directors (Note 1b):</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ermady Dahlan</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,604</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Indra Utoyo</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,508</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Public (individually less than
    5%)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,446,735,260</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32.78</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,611,684</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,669,424,780</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,917,356</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Treasury stock (Note 27)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">490,574,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">122,644</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="44%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,159,999,280</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,040,000</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company only issued 1 Series A Dwiwarna share
which is held by the Government and cannot be transferred to any party, and has
a veto in the General Meeting of Stockholders of the Company with respect to
election and removal of the Board of Commissioners and Directors, issuance of
new shares and to amend the Company&#8217;s Articles of Association.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Series B shares give the same and equal rights to
all the Series B stockholders.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">26.&nbsp; ADDITIONAL PAID-IN CAPITAL</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Proceeds from sale of 933,333,000 shares in
      excess of par value</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">through IPO in 1995</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,446,666</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,446,666</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Capitalization into 746,666,640 Series B
      shares in 1999</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(373,333</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(373,333</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,073,333</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">27.&nbsp; TREASURY STOCK </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company had repurchased the Series B shares
phase I, II and III based on the AGM of Stockholders of the Company (Note 1c)
and on the potential crisis market condition based on BAPEPAM-LK Regulation No.
XI.B.3 Attachment to the Decision of the Chairman of BAPEPAM-LK No.
Kep-401/BL/2008 dated October 9, 2008.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and March 31, 2011, the
Company has repurchased 490,574,500&nbsp;of the Company&#8217;s issued and outstanding
Series B shares, respectively, representing 2.43% of the Company&#8217;s issued and
outstanding Series B shares, for a total repurchase amount of Rp.4,264,073
million up to 2010 and 2011, respectively, (including broker&#8217;s commissions and
custodian fees).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">74</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">27.&nbsp; TREASURY STOCK </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has planned to retain, sell or use the
treasury stock for other purposes in accordance with BAPEPAM-LK Regulation
No.&nbsp;XI.B.2 and under Law No. 40/2007 on Limited Liability
Companies.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to the AGM of Stockholders of the Company
dated June&nbsp;11, 2010, the stockholders approved the changes to the Company&#8217;s
plan for used of the treasury stock as result of the Share Buy Back I, II and
III, as follows:&nbsp; (i) market placement; (ii) cancellation; (iii) equity
conversion; and (iv) funding. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">28.&nbsp; DIFFERENCE IN VALUE ARISING FROM
RESTRUCTURING TRANSACTIONS AND OTHER TRANSACTIONS BETWEEN ENTITIES UNDER COMMON
CONTROL</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The balance of this account amounting to Rp.478,000
million arose from the early termination of the Company&#8217;s exclusive rights to
provide local and domestic fixed line telecommunication services. As discussed
in Note 1a, on December 15, 2005, the Company signed an Agreement on
Implementation of Compensation for Termination of Exclusive Rights with the
State MoCI - DGPT, which was amended on October 18, 2006. Pursuant to this
agreement, the Government agreed to pay Rp.478,000 million, net of tax, to the
Company over a five-year period. In addition, the Company is required by the
Government to use the funds received from this compensation for the development
of telecommunication infrastructure. As of December 31, 2010 and March 31, 2011,
the development of the related infrastructure amounted to Rp.537,304 million
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24.55pt; MARGIN: 0in 0in 0pt 42.55pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and March 31, 2011, the
Company has received an aggregate of Rp.478,000 million, respectively, in
relation to the compensation for the early termination&nbsp;of&nbsp;exclusivity
rights, made up of annual payments of Rp.90,000 million from 2005 to 2008 and
Rp.118,000 million on August&nbsp;25,&nbsp;2009, respectively. The Company
recorded these amounts in &#8220;Difference in value arising from restructuring
transactions and other transactions between entities under common control&#8221; in
the Stockholders&#8217; Equity section. These amounts are recorded as a component of
Stockholders&#8217; Equity because the Government is the majority and controlling
stockholder of the Company. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">29.&nbsp; TELEPHONE REVENUES </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
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<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fixed lines</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Usage charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,377,753</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,046,020</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly subscription charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">849,342</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">786,546</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Installation charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">23,115</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,507</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">57,852</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,506</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,308,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,929,579</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">75</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_80></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">29.&nbsp; TELEPHONE REVENUES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cellular</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Usage charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,352,216</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,424,860</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Features</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">193,653</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">185,229</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Monthly subscription charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">107,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">144,309</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Connection fee charges</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">37,776</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">379</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,691,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,754,777</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total Telephone Revenues</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,999,282</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,684,356</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">30.&nbsp; INTERCONNECTION REVENUES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Domestic interconnection and
      transit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">753,499</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">504,072</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">International interconnection</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">297,183</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">342,011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,682</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">846,083</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the MoCI Regulation
No.&nbsp;08/Per/M.KOMINFO/02/2006, the implementation of a cost-based
interconnection tariff is applicable beginning January 1, 2007
(Note&nbsp;47).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">31.&nbsp; DATA, INTERNET AND INFORMATION TECHNOLOGY
SERVICES REVENUES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Short Messaging Services
(&#8220;SMS&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,786,459</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,077,450</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Internet, data communication and information
      technology
      services&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,925,006</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,304,985</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">VoIP</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">38,664</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,927</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">e-Business</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,297</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,511</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,764,426</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,451,873</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">76</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_81></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">32.&nbsp; NETWORK REVENUES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased lines</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">159,899</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">204,165</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Satellite transponder lease</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">117,571</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,708</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">277,470</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">304,873</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">33.&nbsp; </FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Other telecommunications services</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Customer Premise Equipment (&#8220;CPE&#8221;) and
      terminal </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">105,428</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">191,972</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Universal Service Compensation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">79,063</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">81,390</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Pay
      TV</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,996</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,074</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Sales of modem </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,295</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,018</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Directory assistance </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,665&nbsp;&nbsp; </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,882</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,029</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,239</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">264,476 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">418,575</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">34.&nbsp; PERSONNEL EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Salaries and related benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">762,827</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">739,770</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vacation pay, incentives and other
      benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">693,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">718,455</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Employees&#8217; income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">152,030</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">198,448</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension costs (Notes 41a)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">88,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">125,474</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Housing</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">53,174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">50,451</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic post-retirement health care benefits costs (Note
43)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">59,736</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,835</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Insurance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">31,426</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,369</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other post-retirement cost (Note
      41b)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,469</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">LSA
      (Note 42)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,188</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,453</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other employees&#8217; benefits (Note
      41c)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,879</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,214</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,636</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,788</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,874,100</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,951,393</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">77</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_82></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0pt 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0pt 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">35.&nbsp; OPERATIONS, MAINTENANCE AND
TELECOMMUNICATION SERVICES EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 4.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Operations and maintenance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,874,333 </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,047,250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Radio frequency usage charges (Notes 44a.ii
      and 48c.iii)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">907,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">946,908</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Concession fees and Universal Service
      Obligation charges (Notes 44a.ii and 44a.iii)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">284,241</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">289,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cost of phone, set top box, SIM and RUIM
      cards</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">196,521</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">256,840</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Electricity, gas and water</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">161,485</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">201,834</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Insurance</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,570</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">111,722</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicles rental and supporting
      facilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">59,084</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,697</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cost of IT services</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,340</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,634</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Leased lines and CPE</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,654</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">38,967</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Travelling</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,267</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,603</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,185</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,401</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,737,601</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,069,777</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">36.&nbsp; GENERAL AND ADMINISTRATIVE
EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Provision for doubtful accounts and inventory
      obsolescence (Notes 6d and 7)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">150,218</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">180,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Collection expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">181,063</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">75,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Travelling</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">56,977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60,279</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Training, education and
    recruitment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,699</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,439</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Professional fees</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">38,825</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,063</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Security and screening</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">57,635</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">31,748</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Meetings</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,807</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,998</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">General and social contribution</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,244</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,767</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Vehicle&nbsp;&nbsp; rental</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,053</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,813</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Stationery and printing</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,590</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,970</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Research and development</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,060</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,168</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,542</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">599,339</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">511,471</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">78</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_83></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">37.&nbsp; INTERCONNECTION EXPENSES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Domestic interconnection and
      transit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">426,830</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">529,841</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">International interconnection</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">243,390</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">276,260</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">670,220</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">806,101</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Refer to Note 44 for details of related party
transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Claim for tax
refund</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Corporate income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,098</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 23 - Withholding tax on services
      delivery</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,073</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,073</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Value Added Tax (&#8220;VAT&#8221;)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">109,550</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">109,515</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">133,056</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">121,686</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Prepaid taxes</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Corporate income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">666,467</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">767,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">VAT</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">47,023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">54,569</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 23 - Withholding tax on services
      delivery</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,208</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,221</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">715,698</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">826,223</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">79</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
c.&nbsp;&nbsp;&nbsp;&nbsp; Taxes payable</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income taxes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 5.4pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 4 (2) - Final tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,979</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,849</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 21 - Individual income
    tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,642</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">48,585</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 23 - Withholding tax on services
      delivery</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,391</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,105</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 25 - Installment of corporate income
      tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32,385</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 26 - Withholding tax on non-resident
      income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">707</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,153</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 29 - Underpayment of corporate income
      tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,225</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">134,768</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">VAT</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,434</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,704</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">140,763</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">268,207</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income taxes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 4 (2) - Final tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,081</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,871</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 21 - Individual income
    tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,822</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,330</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 22 - Withholding tax on goods
      delivery and imports</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 23 - Withholding tax on services
      delivery</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,763</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">22,989</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 25 - Installment of corporate income
      tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">405,478</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">335,244</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 26 - Withholding tax on non-resident
      income tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,015</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Article 29 - Underpayment of corporate income
      tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,867</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">38,628</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">VAT</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,566</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">213,707</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">594,927</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">665,786</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">735,690</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">933,993</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d. &nbsp;&nbsp;&nbsp; The components of income tax
expense (benefit) are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106,728</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">300,687</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">905,124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,027,948</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,011,852</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,328,635</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">279,430</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,938</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(30,148</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">348,368</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(18,012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,360,220</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,310,623</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">80</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_85></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e. &nbsp;&nbsp;&nbsp; Corporate income tax is
computed for each individual company as a separate legal entity (consolidated
financial statements are not applicable for computing corporate income tax in
Indonesia).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The reconciliation between the consolidated income
before tax and taxable income attributable to the Company and the consolidated
income tax expense are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Consolidated income before tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,136,463</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,134,254</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Add back consolidation
    eliminations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,806,834</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,917,102</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Consolidated income before tax and
      eliminations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,943,297</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,051,356</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less: income before tax of the
      subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,789,597</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,910,724</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income before tax attributable to the
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,153,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,140,632</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less: income subject to final
    tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(134,879</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(193,702</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,018,821</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,946,930</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Tax calculated at applicable
    rates</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">603,764</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">589,386</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-taxable income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(361,454</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(383,580</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non-deductible expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">73,717</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">52,801</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities (assets) that&nbsp;
      cannot be utilized - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,829</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,592</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Corporate income tax expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">377,856</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">294,199</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax borne by Government</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,302</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,624</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total income tax expense of the
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">386,158</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">312,823</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax expense of the
      subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">974,062</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">997,800</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total consolidated income tax
      expense</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,360,220</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,310,623</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The reconciliation between income before tax
attributable to the Company and the estimated taxable income for three months
period ended March 31, 2010 and 2011, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income before tax attributable to the
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,153,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,140,632</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less: income subject to final
    tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(134,879</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(193,702</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,018,821</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,946,930</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">81</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_86></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e.&nbsp;&nbsp;&nbsp;&nbsp; (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Temporary differences:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization of intangible
    assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">245,741</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">33,192</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Depreciation of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,525</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44,481</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.6pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,933</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">126,607</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.6pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued employees&#8217; benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">112,038</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84,764</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finance leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(15,222</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,618</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign exchange (gain) loss on deferred
      consideration for business combinations </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(23,878</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(268</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for inventory
      obsolescence</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,343</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,444</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization of land rights</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,059</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,184</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Gain on sale of property, plant and
      equipment</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,518</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,676</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables written-off</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(64,491</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net periodic pension and other
      post-retirement benefits costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(140,122</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18, 698</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Payments of deferred consideration for
      business combinations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(292,548</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(105,960</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued early retirement
    benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,028,639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred installation fee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,196</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(20,292</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other provisions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,539</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total temporary differences</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,035,721</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">117,285</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Permanent differences:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net periodic post-retirement health care
      benefit costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">57,459</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,834</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Equity in net income of associates and
      subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,807,271</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,917,902</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">258,847</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">214,172</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total permanent differences</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,490,965</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,653,896</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Taxable income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">492,135</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,410,319</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current corporate income tax
      expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">98,426</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">282,064</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Income tax borne by Government (Note
      28)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,302</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,623</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total current income tax expense of the
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106,728</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">300,687</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current income tax expense of the
      subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">905,124</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,027,948</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="62%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total current income tax
      expense</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,011,852</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,328,635</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">82</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">f.&nbsp;&nbsp;&nbsp;&nbsp; Tax
assessment</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 1.1pt 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Directorate General of Tax (&#8220;DGT&#8221;) has audited the
Company&#8217;s corporate income tax overpayment amounting to Rp.255 billion on 2008
fiscal year. On June 16, 2010, DGT issued an Overpaid Tax Assessment Letter
(&#8220;Surat Ketetapan Pajak Lebih Bayar&#8221; or &#8220;SKPLB&#8221;) on corporate income tax
amounting Rp.228 billion. The difference between SKPLB and the Company&#8217;s claim
for tax refund has been charged to current year consolidated statement of
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income amounting to Rp.27 billion.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company received an Underpaid Tax Assessment
Letter (&#8220;Surat Ketetapan Pajak Kurang Bayar&#8221; or &#8220;SKPKB&#8221;) on VAT amounting to
Rp.1.69 billion including a tax penalty of Rp.0.5&nbsp;billion which has been
net off with SKPLB of income taxes. Therefore, the Company received restitution
from DGT amounting to Rp.226.5 billion. On July 9, 2010, the Company has
received a refund from a claim of SKPLB on 2008 fiscal year corporate income
tax.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements, the audit of withholding income tax for 2008 fiscal year
is still in process. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Telkomsel</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to its appeal to the Tax Court on February
23, 2009 for rejected objection on VAT covering 2004 and 2005 fiscal years by
the Tax Authorities of Rp.215 billion, Telkomsel recognized it as a claim for
tax refund. Based on the Tax Court&#8217;s verdict in March 2010, Telkomsel&#8217;s appeal
on VAT was accepted and Telkomsel subsequently received the refund of Rp.215
billion in June 2010 including interest of Rp.103 billion. On August 10, 2010,
the Tax Authorities filed a judicial review to the Indonesian Supreme Court
(&#8220;SC&#8221;) on the Tax Court&#8217;s verdict. On September 24, 2010, Telkomsel filed a
contra-appeal to the SC. As of the issuance date of the consolidated financial
statements, it is still in process.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">On
February 25, 2009, the Tax Authorities filed a judicial review to the SC for the
Tax Court&#8217;s acceptance of Telkomsel&#8217;s appeal for a refund of withholding taxes
covering 2002 fiscal year of Rp.115 billion. On April 3, 2009, Telkomsel filed a
contra-appeal to the SC. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the
consolidated financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, it is still in process.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">83</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">f.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Tax assessment (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; Telkomsel (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">As a
result of assessment, o</FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">n January 28 and February
12, 2010, Telkomsel received the refund for overpayment of the 2008 Corporate
Income Tax of Rp.439 billion and Rp.4.2 billion, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On April 21, 2010, Tax Court notified Telkomsel
that the Tax Authorities has filed an appeal to the SC on Tax Court&#8217;s verdict of
cancellation of STP for underpayment of income tax article 25 for the period of
December 2008. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In May 2010, Telkomsel filed a contra-appeal to the
SC. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, the appeal is still in process.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2010</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, Telkomsel was assessed for
underpayments of corporate income tax, withholding taxes and VAT, for 2006
fiscal year totaling Rp.212 billion (including penalty of&nbsp;Rp.69 billion).
On December&nbsp;23, 2010, Telkomsel filed an objection to the Tax Authorities
for underpayments of withholding taxes and VAT amounting to Rp.116 billion
(including penalty of Rp.38 billion) and recorded it as claim for tax refund.
The accepted portions of Rp.50 billion was previously recognized and charged to
2008 consolidated statement of comprehensive income while the remaining portion
of Rp.46 billion were charged to 2010 consolidated statement of comprehensive
income. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, the objection is still in process.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif">In
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">October&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif"> and November, 2010,
Telkomsel </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">received STPs for underpayment of income tax
article 25 for 2010 fiscal year of Rp.229 billion (including penalty of Rp.11
billion). The STPs were paid in November and December 2010. The principal
payment of Rp.218 billion was considered as prepayment in calculating the 2010
corporate income tax which at the end resulted in an overpayment of Rp.600
billion. The overpayment and penalty are recognized as prepaid tax as of March
31, 2011. Through its letters in November 2010, Telkomsel requested the Tax
Authorities to cancel the STPs. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the
consolidated financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, the cancellation request is still in
process. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">84</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">g.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Deferred tax assets and liabilities </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The details of the Company and subsidiaries'
deferred tax assets and liabilities are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Charged) credited to the</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">consolidated statements </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Acquisition</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2009*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of
      comprehensive income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of
      Ad Medika</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax assets:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred consideration for business
      combinations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">335,409</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(308,852</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,557</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">268,427</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,172</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">286,599</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension and other post-retirement benefits costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">160,310</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(74,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,615</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">36,239</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(30,458</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,781</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Early termination expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">257,160</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(257,160</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued for employee benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">84,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,996</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for inventory
      obsolescence</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17,672</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,774</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,446</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred connection fee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">128,113</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(21,821</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106,292</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,288,049</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(670,763</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">617,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Difference between accounting and tax
      property, plant and equipment's net book value</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,650,200</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(243,024)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,893,224</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land
      rights</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,807</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,088</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,895</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finance lease</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(31,587)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(7,707)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(39,294)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Intangible assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(271,202</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">252,712</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(18,490</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,958,796</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">893</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,957,903)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities of the</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>
      </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(670,747</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(669,870)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,340,617)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities of the</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>
      </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">subsidiaries - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,549,763</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(173,515</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,919</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,733,197</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax liabilities -
      net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,220,510</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(843,385</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(9,919</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,073,814</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax assets -
    net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,953</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(33,261</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,692</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">*as restated, refer to Note 2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Charged) credited to the</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">consolidatedstatements </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.85pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of comprehensive income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31 ,2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The
      Company </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax assets:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.85pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred consideration for business
      combinations</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,557</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(26,557</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">286,599</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">26,472</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">313,071</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension and other post-retirement benefits costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,615</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,647</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">90,262</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,781</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(97</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,684</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued for employee benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,996</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,191</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">107,187</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Allowance for inventory
      obsolescence</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20,446</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,173</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,619</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred connection fee</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106,292</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,073</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">101,219</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">617,286</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.85pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,756</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">639,042</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">85</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_90></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">g.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Deferred tax assets and liabilities
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Charged) credited to the</FONT></B></P>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">consolidated statements</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010*</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">of
      comprehensive income</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities:</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Difference between accounting and tax
      property, plant and equipment's net book value</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,893,224</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(43,740</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,936,964</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Land rights</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,895</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(68</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,963</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Finance lease</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(39,294</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,619</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(37,675</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Intangible assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(18,490</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,298</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(10,192</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,957,903)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(33,891</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,991,794</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities of the Company -
      net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,340,617</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(12,135</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,352,752</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Deferred tax liabilities of the subsidiaries
      - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,733,197</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,055</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,691,142</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax liabilities -
      net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,073,814</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,920</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,043,894</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total deferred tax assets -
    net</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,692</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(11,907</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,785</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">*&nbsp;&nbsp;&nbsp; as restated, refer to Note
2p</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Realization of the deferred tax assets is dependent
upon future profitable operations. Although realization is not assured, the
Company and its subsidiaries believe that it is probable that these deferred tax
assets will be realized through reduction of future taxable income. The amount
of deferred tax assets is considered realizable, however, could be reduced if
actual future taxable income is lower than the estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">h. &nbsp;&nbsp;&nbsp; Administration </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under the taxation laws of Indonesia, the Company
and each subsidiary submit tax returns on the basis of self assessment. DGT may
assess or amend taxes within ten years of the time the tax becomes due, or until
the end of 2013, whichever is earlier. There are new rules applicable to fiscal
year 2008 and subsequent years stipulating that the DGT may assess or amend
taxes within five years of the time the tax becomes due. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On September 23, 2008, the President of the
Republic Indonesia and MoJHR has signed and enacted the Tax Law No. 36/2008
concerning the Fourth Amendment of the Tax Law No. 7/1983 of Income Taxes. This
regulation stipulates that the corporate tax rate will be a flat rate of 28% in
2009 (previously calculated using progressive tax rates ranging from 10% to 30%)
and 25% in 2010. As of December 31, 2008 and 2009, the Company and its
subsidiaries measured the effect of the change of enacted tax rate in
calculating its deferred tax assets and liabilities depending on the timing of
realization of its estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Other than tariff changes, the Tax Law No. 36/2008
also stipulates a reduction of 5% from the top rate applicable for qualifying
companies listed and for whose stock is traded on the IDX which meet the
prescribed criteria that the stocks owned by the public are 40% or more of the
total fully paid and traded stocks on the IDX, and such stocks are owned by at
least 300 parties, each party owning less than 5% of the total paid-up stocks.
These requirements should be fulfilled by the publicly-listed companies for a
period of 6 months in one tax year. The Company has met all of the required
criteria, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">therefore, for the purposes of calculating income
tax expenses and liabilities for the financial reporting periods of December 31,
2010 and March 31, 2011, the Company considers a tax rate decrease of
5%.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">86</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_91></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">38.&nbsp; TAXATION</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">h. &nbsp;&nbsp;&nbsp; Administration
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">No tax audit has been conducted for fiscal year
2003, 2005, 2006, 2007 and 2009 for the Company. A tax audit has been completed
for all other fiscal years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">No tax audit has been conducted for fiscal year
2003, 2007 and 2009 for Telkomsel. A tax audit has been completed for all other
fiscal years.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 2008, DGT issued a sunset policy program in the
form of an opportunity for the tax payer to make a revision in the prior years
for underpaid Annual SPT, which will be granted free tax administration sanction
and no assessment in the related fiscal year, unless the DGT find new evidence
to perform the assessment and investigation. The Company and Telkomsel have
utilized the sunset policy program through SPT revision. The Company settled the
tax underpayments for fiscal years 2003, 2005 and 2006 amounting to Rp.1.9
billion, Rp.2.8&nbsp;billion and Rp.2.4 billion, respectively, and Telkomsel for
fiscal year 2003 amounting to Rp.1.9 billion. In addition, the Company received
a certificate of tax investigation exemption from DGT for fiscal year 2007, 2008
and 2009, unless the Company files for overpaid Annual SPT then a tax assessment
will be performed.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">39.&nbsp; BASIC EARNINGS PER SHARE</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Basic earnings per share is computed by dividing
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">income for the period attributable to owners of the
parent</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> by the weighted average number of shares
outstanding during the year, totaling 19,669,424,780 for three months period
ended March 31, 2010 and 2011, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Basic earning per share amounting to Rp.141.65 and
Rp.143.79 (full amount) for three months period ended March 31, 2010 and 2011,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company does not have potentially dilutive
ordinary shares.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">40.&nbsp; CASH DIVIDENDS AND GENERAL
RESERVE</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to the AGM of Stockholders of the Company
as stated by the minutes of which have been summarized by deed No. 17 dated
June&nbsp;11, 2010 of A.&nbsp;Partomuan Pohan, S.H., LLM., the stockholders
approved the distribution of cash dividends for 2009 amounting to Rp.5,666,070
million or Rp.288.06 per share (of which Rp.524,190 million or Rp.26.65 per
share was distributed as an interim cash dividend in November&nbsp;2009).&nbsp;
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On December 1, 2010, the Company decided on the
interim distribution of cash dividend for 2010 amounting to Rp.526,157 million
or Rp.26.75 per share to its stockholders. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">87</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41.&nbsp; PENSION AND OTHER POST-RETIREMENT
BENEFITS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension and other post-retirement
      benefit costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Pension</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,044</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">69,878</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">147,889</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">175,477</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">208,933</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">245,355</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other post-retirement benefits</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">240,627</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">250,742</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Obligation under Labor Law</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">87,430</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">92,798</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension and other post-retirement
      benefit costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">536,990</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">588,895</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid pension benefit
    costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">988</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">932</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net periodic pension costs
      (benefits)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">The Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">430,170</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">96,053</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Telkomsel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">74,966</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,365</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Infomedia</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(524</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">56</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net periodic pension costs </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">504,612</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">125,474</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other post-retirement cost </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">65,876</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,136</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other employee benefits </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">22,920</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,214</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pension &nbsp;</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1. &nbsp;&nbsp;&nbsp; The Company</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company sponsors a defined benefit pension plan
and a defined contribution pension plan. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The defined benefit pension plan is provided to
employees hired with permanent status prior to July 1, 2002. The pension
benefits are paid based on the participating employees&#8217; latest basic salary at
retirement and the number of years of their service. The plan is managed by
Telkom Pension Fund (&#8220;Dana Pensiun Telkom&#8221; or &#8220;Dapen&#8221;). The participating
employees contribute 18% (before&nbsp;March 2003: 8.4%) of their basic salaries
to the plan. The Company&#8217;s contributions to the pension fund for the years ended
December&nbsp;31, 2010 and three months period ended March 31, 2011 amounted to
Rp.485,254 million and Rp.48,089 million, respectively. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The defined contribution pension plan is provided
to employees hired with permanent status on or after July 1, 2002. The plan is
managed by Financial Institutions Pension Fund (&#8220;Dana Pensiun Lembaga Keuangan&#8221;
or &#8220;DPLK&#8221;). The Company&#8217;s contribution to DPLK is determined based on certain
percentage of the participants&#8217; salaries and amounted to Rp.4,396&nbsp;million
and Rp.1,238&nbsp;million for the years ended December&nbsp;31, 2010 and three
months period ended March 31, 2011 , respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">88</P>
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<DIV align=center>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41.&nbsp; PENSION AND OTHER POST-RETIREMENT
BENEFITS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pension </FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.
&nbsp;&nbsp;&nbsp; The Company (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The following table presents the change in
projected benefits obligation, change in plan assets, funded status of the plan
and net amount recognized in the Company&#8217;s consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">s as of December 31, 2010 and March 31, 2011, for
its defined benefit pension plan:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Change in projected benefits
      obligation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation at beginning of
      year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,753,439</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,019,578</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">330,734</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">98,946</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,199,971</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">324,759</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Plan
      participants' contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">42,371</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,302</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Actuarial (gains) losses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,174,236</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,751,524</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected benefits paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(916,148</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(172,769</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Benefits changed</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">434,975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation at end of
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,019,578</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,530,292</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Change in plan assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets at beginning of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,300,181</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,097,688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected return on plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,286,718</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">360,248</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Employer&#8217;s contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">485,254</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">48,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">Plan participants'
contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">42,371</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face="Times New Roman,serif">11,302</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Actuarial (losses) gains</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,603,747</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,739,159</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected benefits paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(620,583</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(145,642</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets at end of period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15,097,688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,632,526</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Funded status</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,078,110</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,102,234</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized prior service
costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,399,299</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,331,365</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized net actuarial
gains</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,538,453</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,503,477</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension benefit
    costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(61,044</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(69,878</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 2007, the Company provides pension benefit based
on uniformulation for both participants prior to and from April 20, 1992
effective for employees retiring beginning February 1, 2009. The change in
benefit had increased the Company&#8217;s liabilities by Rp.698,583 million, which is
amortized over 9.9 years until 2016. In 2010, the Company replaced the
uniformulation with Manfaat Pensiun Sekaligus (&#8220;MPS&#8221;). MPS is given to those
employees reaching retirement age, death or disabled starting from February 1,
2009. The change in benefit had increased the Company&#8217;s liabilities by
Rp.434,975 million, which is amortized over 8.63 years until 2018. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The actual return on plan assets was </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Rp.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2,890,465 &nbsp;million and
</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">&nbsp;Rp.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">151,760 &nbsp;million
for the years ended December&nbsp;31, 2010 and three months period ended March
31, 2011, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">89</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_94></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41.&nbsp; PENSION AND OTHER POST-RETIREMENT
BENEFITS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pension </FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.
&nbsp;&nbsp;&nbsp; The Company (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The movement of the accrued pension benefits costs
for the years ended December&nbsp;31, 2010 and three months period ended March
31, 2011, is as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension benefits costs at
      beginning&nbsp; of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">410,209</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,044</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension cost less amounts&nbsp; charged to
    subsidiaries</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">430,170</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">96,053</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amounts charged to subsidiaries under
      contractual agreements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,484</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">362</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Employer&#8217;s contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(780,819</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(48,089</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Benefits paid by the Company</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(39,492</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension benefits costs at end of
      period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">61,044</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">69,878</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and March 31, 2011, plan
assets consisted mainly of Indonesian Government bonds and corporate bonds. As
of December 31, 2010, plan assets included Series B shares and bonds issued by
the Company with fair value totaling Rp.268,801&nbsp;million and Rp.155,700
million, respectively, representing 1.78% and 1.03% of total assets of Dapen as
of December 31,&nbsp;2010, respectively. As of March 31, 2011, plan assets
included Series B shares and bonds issued by the Company with fair value
totaling Rp.257,587&nbsp;million and Rp.151,950 million, respectively,
representing 1.89% and 1.11% of total assets of Dapen as of March 31,&nbsp;2011,
respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The actuarial valuation for the defined benefit
pension plan and the other post-retirement benefits (Note 41b) was performed
based on the measurement date as of December&nbsp;31,&nbsp; 2009 and 2010, with
reports dated March 30, 2010 and March 15, 2011, respectively, by PT Towers
Watson Purbajaga (&#8220;TWP&#8221;) (formerly PT Watson Wyatt Purbajaga), an independent
actuary in association with Towers Watson (&#8220;TW&#8221;) (formerly Watson Wyatt
Worldwide). The principal actuarial assumptions used by the independent actuary
as of December&nbsp;31, 2009 and 2010, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Discount rate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.75%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected long-term return on plan
      assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.7%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rate
      of compensation increases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">90</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_95></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41. PENSION AND OTHER POST-RETIREMENT BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pension </FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.
&nbsp;&nbsp;&nbsp; The Company (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The components of net periodic pension costs are as
follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">330,734</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">98,946</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,199,971</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">324,759</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected return on plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,286,718</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(360,248</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization of prior service
    costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">312,074</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">67,934</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Recognized actuarial gain</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(124,407</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(34,976</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">431,654</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">96,415</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amount charged to subsidiaries under
      contractual agreements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,484</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(362</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total net periodic pension costs less amounts
      charged to subsidiaries</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> (Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">430,170</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">96,053</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2. &nbsp;&nbsp;&nbsp; Telkomsel</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel provides a defined benefit pension plan
to its employees. Under this plan, employees are entitled to pension benefits
based on their latest basic salary or take-home pay and the number of years of
their service. PT Asuransi Jiwasraya
(&#8220;Jiwasraya&#8221;),&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a&nbsp;state-owned life insurance
company, manages the plan under an annuity insurance contract. Until 2004, the
employees contributed 5% of their monthly salaries to the plan and Telkomsel
contributed any remaining amount required to fund the plan. Starting 2005, the
entire contributions are fully made by Telkomsel.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The following table reconciles the unfunded status
of the plans with the amounts included in the consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">s as of December 31, 2010 and March 31,
2011:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(662,802</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(694,538</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">245,985</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">247,762</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unfunded status</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(416,817</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(446,776</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized items in the consolidated
      </FONT><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">:&nbsp;</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized prior service
costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">639</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">611</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized net actuarial
    losses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">268,289</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">270,688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension benefits
    costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(147,889</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(175,477</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">91</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_96></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41. PENSION AND OTHER POST-RETIREMENT BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pension </FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2. &nbsp;&nbsp;&nbsp; Telkomsel
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The components of the net periodic pension costs
are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43,507</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,827</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,914</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14,908</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected return on plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(16,156</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,530</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization of past service
    costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">115</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Recognized actuarial losses </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,586</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,131</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic pension costs </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,966</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">29,365</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -1.8pt; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The net periodic pension cost for the pension plan
was calculated based on the&nbsp;measurement date as of December 31, 2009 and
2010, with reports dated February 8, 2010 and February 23, 2011, respectively,
by TWP, an independent actuary in association with TW. The principal actuarial
assumptions used by the independent actuary based on the measurement date as of
December 31, 2009 and 2010 for each of the year, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Discount rate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected long-term return on plan
      assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rate
      of compensation increases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3. &nbsp;&nbsp;&nbsp; Infomedia</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Infomedia provides a defined benefit pension plan
to its employees. The reconciliation of the funded status of the plan with the
net amount recognized in the consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial
position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">s as of December 31, 2010 and March 31, 2011, are
as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,208</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,528</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,196</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,460</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Funded status </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">988</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">932</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid pension benefits costs
    </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">988</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">932</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">92</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_97></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41. PENSION AND OTHER POST-RETIREMENT BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Pension
</FONT></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3. &nbsp;&nbsp;&nbsp; Infomedia
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The net periodic pension costs (benefits) of
Infomedia amounted to (Rp.524) million and Rp.56&nbsp;million for the years
ended December 31, 2010 and for three months period ended March 31, 2011,
respectively (Note&nbsp;34).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Other post-retirement benefits</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company provides other post-retirement benefits
in the form of cash paid to employees on their retirement or termination. These
benefits consist of last housing allowance (&#8220;Biaya Fasilitas Perumahan Terakhir&#8221;
or BFPT) and home passage leave (&#8220;Biaya Perjalanan Pensiun dan Purnabhakti&#8221; or
BPP). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The movement of the other post-retirement benefits
for the years ended December&nbsp;31, 2010 and three months period ended March
31, 2011, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued other post-retirement benefits costs
      at beginning of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">209,183</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">240,627</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other post-retirement benefits
      costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65,876</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other post-retirement benefits
    paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(34,432</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(6,021</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total accrued other post-retirement benefits
      costs at end of period</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">240,627</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">250,742</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The components of the net periodic other
post-retirement benefits costs for the years ended December&nbsp;31, 2010 and
three months period ended March 31, 2011, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">18,690</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,234</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">35,900</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,205</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amortization of past service
    costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,826</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,707</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Recognized actuarial losses </FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,460</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,990</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total net periodic other post-retirement
      benefits costs </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65,876</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,136</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">93</P>
<HR align=center SIZE=2 width="100%" noShade>

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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">41. PENSION AND OTHER POST-RETIREMENT BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
c.&nbsp;&nbsp;&nbsp;&nbsp; Obligation under Labor Law</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under Law No. 13/2003 concerning labor regulation,
the Company and its subsidiaries are required to provide a minimum pension
benefit, if not covered yet by the sponsored pension plans, to their employees
upon retirement age. The total related obligation recognized as of December 31,
2010 and March 31, 2011 amounted to Rp.87,430 million and Rp.92,798 million,
respectively. The related employees&#8217; benefits cost charged to expense amounted
to Rp.22,920 million and Rp.6,214 million for the years ended December&nbsp;31,
2010 and three months period ended March 31, 2011, respectively
(Note&nbsp;34).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">42.&nbsp; LONG SERVICE AWARDS
(&#8220;LSA&#8221;)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Telkomsel provides certain cash awards or certain
number of days leave benefits to its employees based on the employees&#8217; length of
service requirements, including LSA and LSL. LSA&nbsp;are either paid at the
time the employees reach the anniversary dates during employment, or at the time
of termination. LSL are either certain number of days leave benefit or cash,
subject to approval by management, provided to employees who met the requisite
number of years of service and with a certain minimum age.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">The obligation with respect to these awards was
determined based on an actuarial valuation using the Projected Unit Credit
method, and amounted to Rp.242,149&nbsp;million and Rp.242,177&nbsp;million as
of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">December 31, 2010 and March 31, 2011 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">,
respectively (Note 44). The related benefits costs charged to expense amounted
to Rp.78,323 million and Rp.12,453 million</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> for the years ended
December&nbsp;31, 2010 and three months period ended March 31, 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">,
respectively (Note&nbsp;34).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">43.&nbsp; POST-RETIREMENT HEALTH CARE
BENEFITS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company provides a post-retirement health care
plan to all of its employees hired before November 1, 1995 who have worked for
the Company for 20 years or more when they retire, and to their eligible
dependents. The requirement to work for 20 years does not apply to employees who
retired prior to June 3, 1995. The employees hired by the Company starting from
November 1, 1995 no longer are entitled to this plan. The plan is managed by
Yayasan Kesehatan Pegawai Telkom (&#8220;Yakes&#8221;).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The defined contribution post retirement health
care plan is provided to employees hired with permanent status on or after
November 1, 1995 or employees with terms of service less than 20 years on the
time of retirement. The Company&#8217;s contribution amounted to
Rp.20,117&nbsp;million and Rp.19,047&nbsp;million for the years ended
December&nbsp;31, 2010 and three months period ended March 31, 2011,
respectively. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The following table presents the change in the
projected benefits obligation, change in plan assets, funded status of the plan
and net amount recognized in the Company&#8217;s consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">s as of December 31, 2010 and March 31, 2011
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">:&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">94</P>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">43.&nbsp; POST-RETIREMENT HEALTH CARE BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Change in projected benefits
      obligation</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation at beginning of
      year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,165,974</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,741,111</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">83,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,656</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">744,551</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">204,473</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Actuarial (gains) losses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,034,589</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(370,466</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected post-retirement health care
      paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(287,924</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(65,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Projected benefits obligation at end of
      year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,741,111</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,519,905</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Change in plan assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets at beginning of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,022,263</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,005,054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected return on plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">589,530</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">165,294</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Employer&#8217;s contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">990,688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">108,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Actuarial (losses) gains</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">690,497</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(370,466</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected post-retirement health care
      paid</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(287,924</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(65,869</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Fair
      value of plan assets at end of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,005,054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,842,013</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Funded status</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(736,057</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(677,892</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Unrecognized net actuarial
gains</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(313,973</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(313,973</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued post-retirement health care benefits
      costs</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1,050,030</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(991,865</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.9pt; MARGIN: 0in 0in 0pt 18.9pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">The actual return on plan assets was
Rp.1,280,027&nbsp;million and Rp.150,110 million </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">for the years ended December&nbsp;31, 2010 and
three months period ended March 31, 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The components of net periodic post-retirement
health care benefits cost are as follows:</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Service costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">83,921</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,656</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Interest costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">744,551</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">204,473</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected return on plan assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(589,530</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(165,294</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic post-retirement benefits costs</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">238,942</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,835</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amounts charged to
      subsidiaries</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">under contractual
      agreements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total net periodic post-retirement health
      care benefits costs less amounts charged to
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; subsidiaries </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">238,254</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,835</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010 and March 31, 2011 , plan
assets included the Company&#8217;s Series B shares with total fair value of
Rp.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">34,419&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> million and
Rp.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">41,186&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> million, respectively.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">95</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_100></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">43.&nbsp; POST-RETIREMENT HEALTH CARE BENEFITS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The movements of the accrued post-retirement health
care benefits costs for the years ended December&nbsp;31, 2010 and three months
period ended March 31, 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued post-retirement health care benefits
      costs at beginning of year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,801,776</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,030</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      periodic post-retirement health care benefits costs less amounts charged
      to subsidiaries (Note 34)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">238,254</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49,835</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amounts charged to subsidiaries under
      contractual agreements</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Employer&#8217;s contributions</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(990,688</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(108,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued post-retirement health care benefits
      costs at end of year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,030</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">991,865</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The actuarial valuation for the post-retirement
health care benefits was performed based on the measurement date as of December
31, 2009 and 2010, with reports dated March 30, 2010 and March 15, 2011,
respectively, by TWP, an independent actuary in association with TW. The
principal actuarial assumptions used by the independent actuary as of
December&nbsp;31,&nbsp;2009 and 2010,&nbsp;are&nbsp;as&nbsp;follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 10.35pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 10.35pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Discount rate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.75%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.5%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Expected long-term return on plan
      assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9.25%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8.21%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Health care costs trend rate assumed for next
      year</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ultimate health care costs trend
      rate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8%</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Year
      that the rate reaches the ultimate trend rate</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2012</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2011</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In the normal course of business, the Company and
its subsidiaries entered into transactions with related parties. It is the
Company's policy that the pricing of these transactions be the same as those of
arm&#8217;s-length transactions.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The following are significant
agreements/transactions with related parties:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Government
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i. &nbsp;&nbsp;&nbsp;&nbsp; The Company obtained
two-step loans from the Government, the Company's majority stockholder (Note
20).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">96</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_101></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Government
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i. &nbsp;&nbsp;&nbsp;&nbsp; (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Interest expense for two-step loans amounted to
Rp.40,850 million and Rp.37,993 million for three months period ended March 31,
2010 and 2011, respectively. Interest expense for two-step loans represent 8.1%
and 9.4% of the total interest expense for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii. &nbsp;&nbsp;&nbsp; The Company and its
subsidiaries pay concession fees for telecommunications services provided and
radio frequency usage charges to the Ministry of Communications and Information
of the Republic of Indonesia.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Concession fees amounted to Rp.82,430 million and Rp.85,470 million for three
months period ended March 31, 2010 and 2011, respectively (Note 35),
representing 0.7% of the total operating expenses for each period. Radio
frequency usage charges amounted to Rp.907,921 million and Rp.946,908 million
for three months period ended March 31, 2010 and 2011, respectively (Note 35),
representing 8.2% of the total operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Telkomsel paid an up-front fee for the 3G license amounting to Rp.756,000
million and recognized an intangible asset (Note 13.iii).</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iii.&nbsp;&nbsp;&nbsp; Starting 2005, the Company
and its subsidiaries pay USO charges to the Ministry of Communications and
Information of the Republic of Indonesia pursuant to MoCI Regulation
No.15/Per/M.KOMINFO/9/2005 of September 30, 2005.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USO
charges amounted to Rp.201,811 million and Rp.204,451 million for three months
period ended March 31, 2010 and 2011, respectively (Note 35), representing 1.8%
of the total operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b. &nbsp;&nbsp;&nbsp; Commissioners and Directors
remuneration</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i. &nbsp;&nbsp;&nbsp;&nbsp; The Company and its
subsidiaries provide honorarium and facilities to support the operational duties
of their Board of Commissioners. The total of such benefits amounted to
Rp.11,460 million and Rp.11,538 million for three months period ended March 31,
2010 and 2011, respectively, representing 0.1% of the total operating expenses
for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries provide salaries
and facilities to support the operational duties of their Board of Directors.
The total of such benefits amounted to Rp.31,220 million and Rp.37,818 million
for three months period ended March 31, 2010 and 2011, respectively,
representing 0.3% of the total operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c. &nbsp;&nbsp;&nbsp; Indosat</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company considers Indosat as a related party
because the Government can exert significant influence over the financial and
operating policies of Indosat by virtue of its right to appoint one Director and
one Commissioner of Indosat.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has an agreement with Indosat for the
provision of international telecommunications services to the public.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">97</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Indosat </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The principal matters covered by the agreement are
as follows: </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i. &nbsp;&nbsp;&nbsp;&nbsp; The Company provides a
local network for customers to make or receive international calls. Indosat
provides the international network for the customers, except for certain border
towns, as determined by the Director General of Post and Telecommunications of
the Republic of Indonesia. The international telecommunications services include
telephone, telex, telegram,&nbsp;Package Switched Data Network (PSDN),
television, teleprinter, Alternate Voice/Data Telecommunications (AVD), hotline
and teleconferencing.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and Indosat are responsible for their
respective telecommunications facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Customer billing and collection, except for leased
lines and public phones located at the international gateways, are handled by
the Company.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iv. &nbsp;&nbsp; The Company receives compensation
for the services provided in the first item above, based on the interconnection
tariff determined by the MoC.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has also entered into an
interconnection agreement between the Company&#8217;s fixed line network (Public
Switched Telephone Network or &#8220;PSTN&#8221;) and Indosat&#8217;s GSM mobile cellular
telecommunications network in connection with implementation of Indosat
Multimedia Mobile services and the settlement of the related interconnection
rights and obligations.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company also has an agreement with Indosat for
the interconnection of Indosat's GSM mobile cellular telecommunications network
with the Company's PSTN, enabling each party&#8217;s customers to make domestic calls
between Indosat&#8217;s GSM mobile network and the Company&#8217;s fixed line network and
allowing Indosat&#8217;s mobile customers to access the Company&#8217;s IDD service by
dialing&nbsp;&#8220;007&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has been handling customer billings and
collections for Indosat. Indosat is gradually taking over the activities and
performing its own direct billing and collection. The Company receives
compensation from Indosat computed at 1% of the collections made by the Company
beginning January 1, 1995, plus the billing process expenses which are fixed at
a certain amount per record. On December 11, 2008, the Company and Indosat
agreed to implement IDD service charge tariff, the tariff already taken into
account the compensation of its billing and collection. The agreement is valid
and effective starting on January to December 2011, and can be applied until a
new Minutes of Agreement available. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On December 28, 2006, the Company and Indosat
signed amendments to the interconnection agreements for the fixed line networks
(local, SLJJ and international) and mobile network for the implementation of the
cost-based tariff obligations under the MoCI&nbsp;Regulations No. 8/2006
(Note&nbsp;47). These amendments took effect on January 1, 2007.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel also entered into an agreement with
Indosat for the provision of international telecommunications services to its
GSM mobile cellular customers. The principal matters covered by the agreement
are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;&nbsp;&nbsp; </FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel&#8217;s GSM mobile cellular
telecommunications network is interconnected with PT&nbsp;Indosat&#8217;s
international gateway exchanges to facilitate outgoing and incoming
international calls.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Indosat </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii.
&nbsp;&nbsp;&nbsp; Telkomsel&#8217;s and Indosat&#8217;s GSM mobile cellular
telecommunications networks are interconnected to allow cross-network
communications among their subscribers.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iii.</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp; </FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In exchange for these
interconnections,&nbsp;Indosat is entitled to a certain amount as
compensation.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">iv.</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp; </FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Interconnection equipment
installed by one of the parties in another party&#8217;s premises remain the property
of the party installing such equipment. Expenses incurred in connection with the
provision of equipment, installation and maintenance are borne by
Telkomsel.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries were earned
interconnection income from Indosat of Rp.257,461 million and Rp.202,703 million
for three months period ended March 31, 2010 and 2011, respectively,
representing 1.6% and 1.2% of the total operating revenues for each period.
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries were charged
interconnection charges from Indosat of Rp.225,474 million and Rp.194,464
million for three months period ended March 31, 2010 and 2011, respectively,
representing 2.0% and 1.7% of the total operating expenses for each period.
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel also has an agreement with Indosat on the
usage of Indosat's telecommunications facilities. The agreement, which was made
in 1997 and is valid for eleven years, is subject to change based on annual
review and mutual agreement by both parties. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">In
2009, the agreement was renewed for 5 (five) years through April 1, 2014.
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The charges for the usage of the facilities
amounted to Rp.5,561 million and Rp.844 million for three months period ended
March 31, 2010 and 2011, respectively, representing 0.05% and 0.01% of the total
operating expenses for each period. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Other agreements between Telkomsel and Indosat are
as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i. &nbsp;&nbsp;&nbsp;&nbsp; Agreement on
Construction and Maintenance for Jakarta-Surabaya Cable
System&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
("J-S Cable System")</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On October 10, 1996, Telkomsel, Lintasarta, PT
Satelit Palapa Indonesia (&#8220;Satelindo&#8221;) and Indosat (the &#8220;Parties&#8221;) entered into
an agreement on the construction and maintenance of the J-S Cable System and is
valid for 25 years. The construction of the cable system was completed in 1998.
In accordance with the agreement, Telkomsel shared 19.325% of the total
construction costs. Operating and maintenance costs are shared based on an
agreed formula.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel's share of the operating and maintenance
cost of the cable system amounted to Rp.106 million and Rp.5 million for three
months period ended March 31, 2010 and 2011, respectively.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp; IRU Agreement</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On September 21, 2000, Telkomsel entered into
agreement with Indosat on the use of&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">SEA-ME-WE 3</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> and Tail Link in
Jakarta and Medan. In accordance with the agreement, Telkomsel was granted an
IRU for certain capacity of the Link starting from September&nbsp;21,&nbsp;2000
until September 20, 2015, in return for an up-front payment of US$2.7 million
(Note 12). In addition to the up-front payment, Telkomsel is also charged annual
operating and maintenance costs amounting to US$0.1 million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">99</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c. &nbsp;&nbsp;&nbsp; Indosat </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ii.&nbsp;&nbsp;&nbsp; IRU Agreement
</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
December 8, 2010, the agreement was terminated with no refund of upfront
payment.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 1994, the Company transferred to Satelindo the
right to use a parcel of Company-owned land located in Jakarta which had been
previously leased to Telekomindo. Based on the transfer agreement, Satelindo is
given the right to use the land for 30 years and can apply for the right to
build properties thereon. The ownership of the land is retained by the Company.
Satelindo agreed to pay Rp.43,023 million to the Company for the right to use of
30 years. Satelindo paid Rp.17,210 million in 1994 while the remaining balance
Rp.25,813 million was not paid because the Utilization Right (&#8220;Hak Pengelolaan
Lahan&#8221; or HPL) on the land could not be delivered as provided in the transfer
agreement. In 2000, the Company and Satelindo agreed on an alternative solution
resulting in the payment being treated as a lease expense up to 2006. In 2001,
Satelindo paid an additional amount of Rp.59,860 million as lease expense up to
2024. As of December 31, 2010 and March 31, 2011, the prepaid portion is shown
in the consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">s as &#8220;Advances from customers and suppliers&#8221;.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company provides leased lines to Indosat and
its subsidiaries, namely Indosat Mega Media, Lintasarta and PT Sistelindo
Mitralintas. The leased lines can be used by these companies for telephone,
telegraph, data, telex, facsimile or other telecommunication services. Revenues
earned from these transactions amounted to&nbsp; Rp.34,671 million and Rp.31,682
million for three months period ended March 31, 2010 and 2011, respectively,
representing 0.2% of the total operating revenues for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Lintasarta utilizes the Company&#8217;s satellite
transponders or frequency channels. Revenues earned from these transactions
amounted to Rp.8,761 million and Rp.5,891 million for three months period ended
March 31, 2010 and 2011, respectively, representing 0.05% and 0.04%&nbsp;of
total operating revenues for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel has an agreement with Lintasarta (valid
until October 31, 2010, however, the current usage of the system is temporarily
based on the agreement) and PT Artajasa&nbsp; Pembayaran Elektronis (&#8220;Artajasa&#8221;)
(valid until May 2011) (a 39.8% owned subsidiary of Indosat) for the usage of
data communication network system. The charges from Lintasarta and Artajasa for
the services amounted to Rp.9,574 million and Rp.7,737 million for three months
period ended March 31, 2010 and 2011, respectively, representing 0.1% of the
total operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Transactions with all BUMN are considered as
related parties transactions:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 0in 0pt 63pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company provides telecommunication services to
substantially all Government Agencies in Indonesia for which transactions are
treated as that of third parties customers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has entered into agreements with
Government Agencies and associated companies, namely CSM, Patrakom and PSN for
the utilization of the Company's satellite transponders or frequency channels.
Revenues earned from these transactions amounted to Rp.31,187 million and
Rp.29,136 million for three months period ended March 31, 2010 and 2011,
respectively, representing 0.2% of the total operating revenues for each
period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company provides leased lines to associated
companies, namely CSM, Patrakom, PSN and Gratika. The leased lines can be used
by the associated companies for telephone, telegraph, data, telex, facsimile or
other telecommunications services. Revenues earned from these transactions
amounted to Rp.11,275&nbsp;million and Rp.9,222&nbsp;million for three months
period ended March 31, 2010 and 2011, respectively, representing 0.1%&nbsp; of
the total operating revenues for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company purchases property, plant and equipment
including construction and installation services from a number of related
parties. These related parties include, among others, PT&nbsp;Industri
Telekomunikasi Indonesia (&#8220;INTI&#8221;) and Kopegtel. Purchases made from these
related parties amounted to Rp.14,602&nbsp;million and Rp.30,150&nbsp;million
for three months period ended March 31, 2010 and 2011, respectively,
representing 0.3% and 1.1% of the total fixed assets purchased in each
period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(v)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">INTI is also a major contractor and supplier of
equipment, including construction and installation services of Telkomsel.
Purchases from INTI for three months period ended March 31, 2010 and 2011
amounted to Rp.26,055 million and Rp.22,014 million, respectively, representing
0.6% and 0.8% of the total fixed assets purchased in each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(vi)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel has an agreement with PSN for the lease
of PSN&#8217;s transmission link. Based on the agreement, which was made on March 14,
2001, the minimum lease period is 2 years since the operation of the
transmission link and is extendable subject to agreement by both parties. The
agreement was extended until March 13, 2011. The lease charges amounted to
Rp.45,058 million and Rp.43,175 million for three months period ended March 31,
2010 and 2011, respectively, representing 0.4% of the total operating expenses
for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(vii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries insured their
property, plant and equipment against property losses, inventories and
employees' social security from Jasindo, PT Asuransi Tenaga Kerja and Jiwasraya,
state-owned insurance companies. Insurance premiums amounted to Rp.95,327
million and Rp.112,594 million for three months period ended March 31, 2010 and
2011, respectively, representing 1.0% and 0.9% of the total operating expenses
for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(viii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries maintain current
accounts and time deposits in several state-owned banks. In addition, some of
these banks are appointed as collecting agents for the Company. Total placements
in the form of current accounts, time deposits and mutual funds in state-owned
banks amounted to Rp.5,597,554 million and Rp.9,122,587 million as of December
31, 2009 and 2010, respectively, representing 5.8% and 9.1% of the total assets.
Interest income recognized for three months period ended March 31, 2010 and 2011
amounted to Rp.23,852&nbsp;million and Rp.63,753&nbsp;million, representing
29.9% and 53.1% of the total interest income for each period.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">101</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ix)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries obtained loans
from state-owned banks. Interest expense on these loans for three months period
ended March 31, 2010 and 2011 amounted to Rp.238,455 million and Rp.161,841
million, respectively, representing 47.3% and 39.9% of the total interest
expense for each period.</FONT></P>
<P style="MARGIN: 0in 0in 10pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(x)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company leases buildings, leases vehicles,
purchases materials and construction services, and utilizes maintenance and
cleaning services of Kopegtel and PT Sandhy Putra Makmur (&#8220;SPM&#8221;),
a&nbsp;subsidiary of Yayasan Sandikara Putra Telkom - a foundation managed by
Dharma Wanita Telkom. Total charges from these transactions amounted to
Rp.97,347 million and Rp.125,823 million for three months period ended March 31,
2010 and 2011, respectively, representing 0.9% and 1.1% of the total operating
expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(xi)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries earned
interconnection revenues from PSN, with a total of Rp.1,271 million and Rp.1,092
million for three months period ended March 31, 2010 and 2011, respectively,
representing&nbsp; less than 0.01% and 0.01% of the total operating revenues for
each period. And incurred interconnection expenses from PSN, with a total of
Rp.1,306 million and Rp.1,223 million for three months period ended March 31,
2010 and 2011, respectively, representing&nbsp; less than 0.01% and 0.01% of the
total operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(xii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has RSA with Kopegtel. Kopegtel&#8217;s share
in revenues from these arrangements amounted to Rp.166 million and Rp.193
million for three months period ended March 31, 2010 and 2011, respectively,
representing&nbsp; less than 0.01% of the total operating revenues for each
period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(xiii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel has operating lease agreements with
Patrakom and CSM for the use of their transmission link for 3 years, subject to
extension. Lease charges amounted to Rp.50,952 million and Rp.47,249 million for
three months period ended March 31, 2010 and 2011, respectively, representing
0.5% and 0.4% of the total operating expenses for each period. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(xiv)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Koperasi Pegawai Telkomsel (&#8220;Kisel&#8221;) is a
cooperation that was established by Telkomsel&#8217;s employees to engage in car
rental services, printing and distribution of customer bills, collection and
other services principally for the benefit of Telkomsel. For these services,
Kisel charged Telkomsel Rp.168,720 million and Rp.127,978 million for three
months period ended March 31, 2010 and 2011, respectively, representing 1.5% and
1.1% of the total operating expenses for each period. Telkomsel also has
dealership agreements with Kisel for distribution of SIM cards and pulse reload
vouchers. Total SIM cards and pulse reload vouchers which were sold to Kisel
amounted to Rp.539,135&nbsp;million and Rp.513,810&nbsp;million for three months
period ended March 31, 2010 and 2011, respectively, representing 3.3% and 3.1%
of the total operating revenues for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">102</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -28.35pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27.8pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(xv) &nbsp;&nbsp; Telkomsel has procurement
agreements with Gratika, a subsidiary of Dapen, for installation and maintenance
of equipment. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The agreement was valid initially from February 14,
2006 to December 31, 2009 and has been extended until March 31, 2011.
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">, the agreement is in the process of being
extended. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Total procurement for installations of equipment
amounted to Rp.7,743 million and Rp.4,658 million for three months period ended
March 31, 2010 and 2011, respectively, representing 0.18% and 0.17% of the total
acquisition of fixed assets for each period; and for maintenance of equipment
amounted to Rp.7,000 million and Rp.2,538 million for three months period ended
March 31, 2010 and 2011, respectively, representing 0.06% and 0.02% of the total
operating expenses for each period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Presented below are balances of accounts with
related parties: </FONT></P>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">% of total assets</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">% of total assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">a.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash and cash equivalents </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 5)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,443,452</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7.46</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,688,507</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8.63</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">b.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Temporary investments</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">300,977</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.30</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">292,250</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.29</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">c.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables - net </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 6)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">780,043</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.78</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,124,366</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.12</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">d.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other receivables</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">State-owned banks (interest)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,978</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,312</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Patrakom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,888</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,888</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Government Agencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">784</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,299</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Kopegtel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">32</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">490</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">305</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">233</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">16,987</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,222</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">e.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances and prepaid expenses
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 8)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,401,386</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.41</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,877,604</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.86</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">f.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other current assets </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 9)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">593</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">593</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">347</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">347</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,175</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1,175</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">g.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Prepaid pension benefit cost </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 41)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">988</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">932</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">0.00</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">h.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances and other non-current assets
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 12)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.09</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">94,481</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.09</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,020</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,165</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Perusahaan Umum Percetakan Uang Republik
      Indonesia (Peruri)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">813</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">813</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,377</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.10</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,459</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.10</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">i.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Escrow accounts </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 14)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,552</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.04</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,197</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.04</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">103</P>
<HR align=center SIZE=2 width="100%" noShade>

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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">44.&nbsp; RELATED PARTY TRANSACTIONS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="31%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="31%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amount</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">% of
      total liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amount</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">% of
      total liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">j.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade payables </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 15)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Government Agencies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">400,238</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.92</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">345,778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.86</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Kopegtel</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">140,311</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.32</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">86,752</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">State-owned enterprises</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">287,433</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.67</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">68,319</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.17</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">Yakes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60,562</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.14</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,918</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.13</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">Indosat</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">62,369</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.14</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">45,731</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">SPM</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">12,446</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.03</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">8,374</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">Gratika</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">33,515</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.08</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">5,603</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">INTI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">13,917</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.03</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">1,412</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=SV color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Patrakom</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">837</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">778</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">PSN</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">551</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">106</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Others</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">141,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.33</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">88,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.22</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,153,874</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.66</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">702,918</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.74</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">k.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued expenses </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 16)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Employees</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">894,733</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.07</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,059,830</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.62</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Government Agencies and state-owned
      banks</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">65,522</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.15</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">54,262</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.13</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">PT Jaminan Sosial Tenaga Kerja
      (Persero)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">22,649</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=FI color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">0.05</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=FI color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">22,633</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=FI color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">0.06</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=FI color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">982,904</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.27</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,136,725</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.81</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">l.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Short-term bank loans </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 18)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BSM</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,000</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.02</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">m.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued LSA </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 42)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">242,149</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.56</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">242,177</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.60</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">n.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued post-retirement health care benefits
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 43)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,030</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.42</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">991,865 </FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.45</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">o.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued pension and other post-retirement
      benefits costs </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 41)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">536,990</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.24</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">588,895</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,46</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">p.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two-step loans </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 20)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,136,666</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7.24</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,916,844</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7.21</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">q.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 21)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100,750</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.23</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">97,700</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.24</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">r.</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term bank loans </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Note 22)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">BNI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">3,748,871</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">8.65</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">2,903,154</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">7.17</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">Bank Mandiri</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">3,073,387</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">7.09</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">2,591,337</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">6.41</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">BRI</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">2,197,000</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">5.07</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">1,720,500</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">4.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">BTN</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">7,084</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">6,601</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="31%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">9,026,342</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">20.83</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">7,221,592</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=DA color=windowtext face="Times New Roman,serif">17.85</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=DA color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">104</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">45.&nbsp; SEGMENT INFORMATION</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries have three main
business segments operating in Indonesia namely: fixed wireline, fixed wireless
and cellular. The fixed wireline segment provides local, SLJJ and international
telephone services, and other telecommunications services (including among
others, leased lines, telex, transponder, satellite and VSAT) as well as
ancillary services. The fixed wireless segment provides CDMA-based
telecommunication services which offers customers the ability to use a wireless
handset with limited mobility (within a local code area). The cellular segment
provides basic telecommunication services, particularly mobile cellular
telecommunication services. Operating segments that do not individually
represent more than 10% of the Company&#8217;s revenues are presented as &#8220;Others&#8221;,
comprising of information technology services, telephone directories and
building management businesses.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Segment revenues and expenses include transactions
between business segments and are accounted for at prices that management
believes represent market prices.</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%" colSpan=13>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2010*</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Fixed wireline</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Fixed wireless</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Cellular</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Others</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total before elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment results</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">External operating revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,199,597</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">788,272</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">10,335,513</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">32,954</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,356,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,356,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Inter-segment operating
revenues</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,248,212</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">9,345</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">449,891</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">92,172</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,799,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,799,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total segment revenues</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">6,447,809</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">797,617</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">10,785,404</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">125,126</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">18,155,956</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,799,620</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,356,336</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">External operating expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(4,336,411</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(785,547</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(5,744,428</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(170,422</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,036,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,036,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Inter-segment operating
expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(856,917</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,001,383</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(8,274</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,866,574</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,866,574</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(5,193,328</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(785,547</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(6,745,811</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(178,696</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(12,903,382</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,866,574</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,036,808</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment results</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,254,481</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">12,070</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">4,039,593</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(53,570</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,252,574</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">66,954</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,319,528</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">79,674</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Equity in net income of associated
      companies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">437</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(504,235</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Gain on foreign exchange - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">164,054</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other income &#8211; net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">77,005</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Income tax expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,360,220</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Income for the period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,776,243</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Foreign currency translation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(169</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Change in fair value of available-for-sale
      financial assets - net of tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,977</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total comprehensive income for the
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,793,051</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other information</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">33,672,370</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,484,502</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">58,877,194</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">805,823</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">98,839,889</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,523,229</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">96,316,660</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Investments in associates</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">135,535</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">20,359</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">155,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">155,894</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">96,442,960</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated liabilities</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(18,689,128</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,676,064</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(25,014,602</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(328,568</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(45,708,362</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,523,229</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(43,185,133</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Capital expenditures</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(574,833</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(746</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,071,416</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(5,038</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,652,033</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,652,033</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Depreciation and amortization</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,165,535</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(185,541</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,380,364</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(7,650</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(3,739,090</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(3,739,090</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other non-cash expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(118,142</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(29,147</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,929</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(150,218</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(150,218</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=2>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 5pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face="Times New Roman,serif">* as restated, refer to Note 2p</FONT></P>
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: center">105</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_110></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 1.1pt 0pt 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 1.1pt 0pt 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">45.&nbsp; SEGMENT INFORMATION </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="77%" colSpan=13>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Fixed wireline</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Fixed wireless</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Cellular</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Others</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total before elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Elimination</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment results</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">External operating revenues</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,211,414</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">592,251</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">10,844,783</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">57,312</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,705,760</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,705,760</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Inter-segment operating
revenues</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,545,080</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(33,643</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">467,999</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">206,139</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,185,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,185,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total segment revenues</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">6,756,494</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">558,608</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">11,312,782</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">263,451</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">18,891,335</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,185,575</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">16,705,760</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">External operating expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(4,110,650</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(774,141</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(6,369,789</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(257,177</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,511,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,511,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Inter-segment operating
expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,114,118</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">24,534</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,122,196</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(13,752</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,225,532</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,225,532</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(5,224,768</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(749,607</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(7,491,985</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(270,929</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(13,737,289</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,225,532</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(11,511,757</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment results</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">1,531,726</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(190,999</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,820,797</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(7,478</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,154,046</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">39,957</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">5,194,003</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest income</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">120,140</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Equity in net loss of associated
      companies</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(405,239</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Gain on foreign exchange - net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">152,428</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other income &#8211; net</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">74,058</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Income tax expense</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,310,623</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Income for the period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,823,631</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Foreign currency translation</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(4,511</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Change in fair value of available-for-sale
      financial assets - net of tax</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(3,024</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total comprehensive income for the
      period</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">3,816,096</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other information</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Segment assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">38,469,370</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">4,990,956</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">58,635,077</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">984,541</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">103,079,944</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,645,937</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">100,434,007</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Investments in associates</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">231,112</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">20,359</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">251,471</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">251,471</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">100,685,478</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Total consolidated liabilities</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(20,360,996</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(721,194</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(21,613,860</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(403,876</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(43,099,926</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">2,645,327</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(40,454,599</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Capital expenditures</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(820,731</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,348,857</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(15,473</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,185,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,185,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Depreciation and amortization</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(811,695</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(186,108</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(2,440,303</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(9,488</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(3,447,594</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(3,447,594</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Other non-cash expenses</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(125,906</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(6,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(46,259</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(1,466</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(180,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(180,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">106</P>
<HR align=center SIZE=2 width="100%" noShade>

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<DIV align=center>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">46.&nbsp; REVENUE-SHARING ARRANGEMENTS (&#8220;RSA&#8221;)
</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company has entered into agreements with
several investors under RSA to develop fixed lines, public card-phone booths
(including their maintenance), data and internet network and related supporting
telecommunications facilities.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, the Company has 17 RSA&#8217;s with
15 investors. The RSA&#8217;s are located mainly in Pekanbaru, East Java, Kalimantan,
Makassar, Pare-pare, Manado, Denpasar, Mataram and Kupang, with concession
periods ranging from 80 to 148 months. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under the RSA, the investors finance the costs
incurred in developing the telecommunications facilities. Upon completion of the
construction, the Company manages and operates the facilities and bears the cost
of repairs and maintenance during the revenue-sharing periods. The investors
legally retain the rights to the property, plant and equipment constructed by
them during the RSA periods. At the end of each RSA period, the investors
transfer the ownership of the facilities to the Company at a nominal
price.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">46.&nbsp; RSA </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Generally, the revenues earned from the customers
in the form of line installation charges are allocated in full to the investors.
The revenues from outgoing telephone pulses and monthly subscription charges are
shared between the investors and the Company based on certain agreed ratio.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 2009, the Company made amendments to some PBH
agreements for extending the&nbsp;PBH period&nbsp;and the PBH ratio between the
Company and investors.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The net book value of the property, plant and
equipment under RSA which have been transferred to property, plant and equipment
of the Company (Note 2p.i) amounted to Rp.11,424&nbsp;million and
Rp.503&nbsp;million as of December 31, 2010 and March 31, 2011, respectively
(Note 11).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES
TARIFFS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under Law No. 36/1999 and Government Regulation No.
52/2000, tariffs for the use of telecommunications network and telecommunication
services are determined by providers based on the tariffs category, structure
and with respect to fixed line telecommunications services, at price cap formula
set by the Government.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Fixed line telephone tariffs</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Government has issued a new adjustment tariff
formula which is stipulated in the MoCI Decree No. 15/Per/M.KOMINFO/4/2008 dated
April 30, 2008 concerning Procedure for Tariff Calculation for Basic Telephone
Service which connected through fixed line network. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under the Decree, tariff structure for basic
telephone services which is connected through fixed line network consists of the
following:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Connection
fee</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Monthly
charges</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Usage
charges</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Additional facilities
fee</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the Decree, the Company
adjusted the tariffs effective August 1, 2008 as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local charges decreased
by range from 2.5% to increase by 8.9%, depending on service usage and
customer&#8217;s segment</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">SLJJ charges decreased
by an average range from 36.9% to an increase by an average of 13.7%, depending
on service usage and customer&#8217;s segment</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">SMS charges decreased
by an average range from 42.8% to 49.7%, depending on service usage and
customer&#8217;s segment</FONT></P></DIV>
<P style="TEXT-ALIGN: center">107</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES TARIFFS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Mobile cellular telephone tariffs</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On April 7, 2008, the MoCI issued Decree
No.&nbsp;09/PER/M.KOMINFO/04/2008 &#8220;Mechanism to Determine Tariff of
Telecommunication Services which Connected Through Mobile Cellular Network&#8221;
which provides guidelines to determine cellular tariffs with a formula
consisting of network element cost and retail services activity cost. This
Decree replaced the previous Decree of No. 12/PER/M.KOMINFO/02/2006.&nbsp;&nbsp;
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Under Decree No.&nbsp;09/PER/M.KOMINFO/04/2008
dated April 7, 2008 of the MoCI the cellular tariffs consist of the
following:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Basic services
tariff</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Roaming
tariff</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Multimedia
tariff,</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">with the following structure:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Connection
fee</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Monthly
charges</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Usage
charges</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Additional facilities
fee.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The tariffs are determined based on certain formula
consisting of:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Network element
cost;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Retail service activity
cost plus margin.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The network element cost is determined using the
Long Run Incremental Cost (LRIC) Bottom up Method. The operators are allowed to
apply </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">de-average&nbsp;</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> basic telephone service usage cost and bundling
tariffs, maximum equal to tariff determined using the above formula.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Interconnection
tariffs</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On December 28, 2006, the Company and all network
operators signed amendments to their interconnection agreements for fixed line
(local, SLJJ and international) and mobile networks for the implementation of
the cost-based tariff obligations under the MoCI Regulations
No.&nbsp;08/Per/M.KOMINFO/02/2006. These amendments took effect on January 1,
2007.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Indonesian Telecommunication Regulatory Body
(ITRB), in its letter No. 227/BRTI/XII/2010 dated December 31, 2010, decided to
implement new interconnect tariffs effective from January 1, 2011 for cellular,
satellite and domestic PSTN and effective from July 1, 2011 for fixed wireless
access with a limited mobility, shall be as
follows:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">108</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES TARIFFS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Interconnection tariffs
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(1)&nbsp;&nbsp; Fixed line</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination from local fixed line service
tariff is Rp.73/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination from domestic fixed line (local
call) service tariff is Rp.73/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination from domestic fixed line (long
distance call) service tariff is Rp.202/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination from domestic fixed line
service tariff is Rp.539/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination from cellular mobile network
service tariff is Rp.202/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">f.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination from satellite mobile network
service tariff is Rp.202/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">g.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination from cellular mobile
network service tariff is Rp.608/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">h.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination from satellite mobile
network service tariff is Rp.607/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Domestic termination from international network
service tariff is Rp.594/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">j.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">International origination from domestic fixed line
to fixed international network service provider tariff is
Rp.594/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">k.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local origination service for long distance call
from domestic fixed line to SLJJ service provider tariff is
Rp.202/minute</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">l.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local transit service tariff is
Rp.67/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">m.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance transit service tariff is
Rp.273/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">n.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">International transit service tariff is
Rp.290/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(2)&nbsp;&nbsp; Cellular</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Local termination and origination service tariff is
Rp.251/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination and origination service
tariff is Rp.357/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination from cellular mobile
network service tariff is Rp.461/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Long distance termination from satellite network
service tariff is Rp.463/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">International termination and origination service
tariff is Rp.453/minute.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements, the RIO is still in renewal process.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on Decree No. 14/PER/M.KOMINFO/02/2009 dated
February 25, 2009 of the Ministry of Communication and Information Technology,
interconnection among operators is settled through a telecommunication traffic
clearing process. The clearing function is undertaken collectively by operators
under supervision of the Indonesian Telecommunication Regulatory
Body.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On March 2, 2009, 12 operators and PT Pratama
Jaringan Nusantara (&#8220;PJN&#8221;) entered into an agreement for operating
Telecommunicating Traffic Clearing System (&#8220;Sistem Kliring Trafik
Telekomunikasi&#8221; or &#8220;SKTT&#8221;) that appointed PJN to conduct voice interconnect
clearing processes. PJN was appointed to conduct voice interconnection clearing
processes with the following conditions:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">109</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES TARIFFS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Interconnection tariffs
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Tariff is Rp.0.4 for
every call data record,</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">To support the process,
PJN should provide SKTT within 6 months.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The agreement is valid for ten years, extendable
based on agreement by both parties or may be terminated prior to such period,
subject to amongst other things, PJN&#8217;s ability to:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Provide the system
within the above-mentioned period,</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Change its Articles of
Association in compliance with Corporate Law No. 40/2007, within one
month.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date of the consolidated
financial statements, the operation of voice interconnect clearing by PJN has
not been implemented.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; VoIP interconnection
tariff</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Previously, the Minister of Communication (&#8220;MoC&#8221;) Decree No. KM.23/2002 provided
that access charges and network lease charges for the provision of VoIP services
were to be agreed between network operators and VoIP operators. On March 11,
2004, the MoC issued Decree No. 31/2004, which stated that interconnection
charges for VoIP are to be fixed by the MoC. Currently, the MoCI has not yet
determined what the new VoIP interconnection charges will be. Until such time as
the new charges are fixed, the Company will continue to receive connection fees
for calls that originate or terminate on the Company&#8217;s fixed line network at an
agreed fixed amount per minute.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">e.&nbsp;&nbsp;&nbsp;&nbsp; Network lease
tariff</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Government regulated the form, type and tariff
structure and tariff formula for services of network lease through MoCI Decree
No. 03/Per/M.KOMINFO/1/2007 dated January 26, 2007. Pursuant to the MoCI Decree,
the Government released Director General of Post and Telecommunication Decision
Letter No. 115/Dirjen/2008 dated March 24, 2008 which stated the agreement on
Network Lease Service Type Document, Network Lease Service Tariff, Available
Capacity of Network Lease Service, Quality of Network Lease Service and
Provision Procedure of Network Lease Service in 2008 Owned by Dominant Network
Lease Service Provider in conformity with the Company&#8217;s proposal. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company issued network leased tariffs which
were valid starting from January 21, 2010, in a form of:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Network leased activation fee starting from
Rp.2,400,000.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Monthly usage tariff for local end to end (under 25
km) varies starting from Rp.3,800,000 up to Rp.74,400,000 depending on the
capacity, and monthly usage tariff for long distance end to end (over 25 km)
varies starting from Rp.7,100,000 up to Rp.519,700,000 depending on the
capacity.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Monthly usage tariff for local point to point
(under 25 km) varies starting from Rp.1,500,000 up to Rp.37,200,000 depending on
the capacity, and monthly usage tariff for long distance point to point (over 25
km) varies starting from Rp.4,800,000 up to Rp.482,500,000 depending on the
capacity.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center">110</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES TARIFFS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">f.&nbsp;&nbsp;&nbsp;&nbsp; Public phone kiosk
(&#8220;warung telekomunikasi&#8221; or &#8220;wartel&#8221;) tariff</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The MoC issued Decree No. KM. 46/2002 dated August
7, 2002 regarding the operation&nbsp;of&nbsp;phone kiosks as replaced by the
MoCI Regulation No. PM.05/Per/M.KOMINFO/I/2006 dated January&nbsp;30,&nbsp;2006,
which provided the Company the entitlement to retain a maximum of 70% of the
phone kiosk basic tariffs for domestic calls and up to 92% of phone kiosk basic
tariffs for international calls. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">g.&nbsp;&nbsp;&nbsp;&nbsp; Tariff for other
services</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The tariffs for satellite rental and other
telephony and multimedia services are determined by the service provider by
taking into account the expenditures and market price. The Government only
determines the tariff formula for basic telephony services. There is no
stipulation for the tariff of other services.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On September 27, 2010, the Company reduced the
tariff for internet services by an average of 22% depending on the packages
subscribe by the customers.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">h.&nbsp;&nbsp;&nbsp;&nbsp; Universal Service
Obligation (&#8220;USO&#8221;)</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The MoCI issued Regulation No.
15/Per/M.KOMINFO/9/2005 dated September 30, 2005, which sets forth the basic
policies underlying the USO program and requires telecommunications operators in
Indonesia to contribute 0.75% of their gross revenues (with due consideration
for bad debts and interconnection charges) for USO development. Based on the
Government&#8217;s Decree No.&nbsp;7/2009 dated January 16, 2009, the contribution is
changed to 1.25% of gross revenues, net of bad debts and/or interconnection
charges and/or connection charges.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based MoCI Decree No. 32/PER/M.KOMINFO/10/2008
dated October 10, 2008 which replaced MoCI Decree
No.&nbsp;11/PER/M.KOMINFO/04/2007 dated April 13, 2007 and MoCI Decree No.
38/Per/M.KOMINFO/9/2007 dated September 20, 2007, it is stipulated that, among
others, in providing telecommunication access and services in rural areas
(USO&nbsp;Program), the provider is determined through a selection process by
Balai Telekomunikasi&nbsp;dan Informatika Pedesaan (&#8220;BTIP&#8221;) which was
established based on MoCI Decree No.&nbsp;35/Per/M.KOMINFO/11/2006 dated
November 30, 2006.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On January 16, 2009 and January 23, 2009, Telkomsel
was selected in a tender by the Government through BTIP to provide
telecommunication access and services in rural areas (USO&nbsp;Program) for a
total amount of Rp.1.66 trillion, covering all Indonesian territories except
Sulawesi, Maluku and Papua. Telkomsel will obtain local fixed-line licenses and
the right to use radio frequency in 2390&nbsp;MHz-2400 MHz. Subsequently, the
agreements have been amended and latest amendments dated June 2, 2010 was, among
other things to change the price to Rp.1.758 trillion.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In January 2010, the Ministry granted Telkomsel
operating licenses to provide local fixed-line services under the USO program
(Note 1d.a). </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">111</P>
<HR align=center SIZE=2 width="100%" noShade>

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<DIV align=center>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">47.&nbsp; TELECOMMUNICATIONS SERVICES TARIFFS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
h.&nbsp;&nbsp;&nbsp;&nbsp; USO </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On March 12, 2010, the Company was selected in a
tender by the Government through BTIP to provide internet access service centers
for USO sub-districts for a total amount of Rp.322,355&nbsp;million, covering
Nanggroe Aceh Darussalam, Sumatera Utara, Sulawesi Utara, Gorontalo, Sulawesi
Tengah, Sulawesi Barat, Sulawesi Selatan and Sulawesi Tenggara. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On December 23, 2010, the Company was selected in a
tender by the Government through BTIP to provide mobile internet access service
centers for USO sub-districts for a total amount of Rp.527,630&nbsp;million,
covering Jambi, Riau, Kepulauan Riau, Sulawesi Utara, Sulawesi Tengah,
Gorontalo, Sulawesi Barat, Sulawesi Tenggara, Kalimantan Tengah, Sulawesi
Selatan, Papua, and Irian Jaya Barat.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital
expenditures</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of March 31, 2011, capital expenditures
committed under the contractual arrangements, principally relating to
procurement and installation of switching equipment, transmission equipment and
cable network, are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Amounts In foreign
    currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 9pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 9pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">in
      Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,154,618</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">425</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,704,245</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,047</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="67%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,869,910</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">112</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_117></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The above balance includes the following
significant agreements:&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company
</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 94.12%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 58.1pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Contracting parties</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Date of agreement</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Significant provisions of the
      agreement</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total contract value</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding purchase commitment as of March
      31, 2011</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 16.6pt">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 16.6pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT Datacomm
    Diangraha</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 16.6pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 28, 2007</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 16.6pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement Metro
      Ethernet Batch 2</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 16.6pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.298,096 million </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 16.6pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.9,716 million </FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and G-Pas Consortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 18, 2008</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Outside Plant Fiber Optic 2008 Batch 8 Divre VII</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.190,642 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.58,988 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT Konsorsium
      Jembo-Karteksi-Tridayasa</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 18, 2008</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Outside Plant Fiber Optic 2008 Batch 9 Netre Sumbagut Area </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.242,069 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.19,860 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT Datacraft
    Indonesia</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 12, 2008</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Tera Router 2008 in Divre I, Divre II and Divre V</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.219,033 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.9,682 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and ISS Reshetnev </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 2, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement agreement for Telkom-3 Satellite
      </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$178.9 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$105.0 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and APT Satellite Company
      Limited</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 23, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">142E
      Degree Orbital Position Cooperation Agreement</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$18.5 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$13.3 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 34.15pt">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 34.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and Sansaine Huawei
      Consortium</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 34.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">May 27, 2009</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 34.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">a.</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face="Times New Roman">&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cooperation agreement for procurement and
      installation of MSAN ALU and Secondary Access 2008 Batch 3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 34.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$12.3 million and Rp.103,022
      million</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 34.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$5.9 million and Rp.26,028
      million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June 15, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">b.</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face="Times New Roman">&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cooperation agreement for procurement and
      installation of MSAN ALU and Secondary Access 2008 Batch 1</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$15.5 million and Rp.135,632
      million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$8.3 million and Rp.61,921
      million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and ZTE Consortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June 2, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cooperation agreement for procurement and
      installation of MSAN ALU and Secondary Access 2008 Batch 2</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$30.0 million and Rp.151,566
      million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$12.3 million and Rp.60,520
      million</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">113</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_118></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company
</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 94.12%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 58.1pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Contracting parties</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0.1pt; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Date of agreement</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Significant provisions of the
      agreement</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total contract value</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Outstanding purchase commitment as of March
      31, 2011</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 26.5pt">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 26.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT Aldomaru</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 26.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">June
      11, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 26.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement agreement Roll Out Infusion PL
      2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 26.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.123,595 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 26.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.18,706 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">Company and PT Dharma Kumala
    Utama</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">July
      29, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Fiber Optic Cable Access &amp; RMJ 2009 in Central Java and East Java
      Batch 1</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.75,438 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.12,829 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and Sansaine - Huawei
      Consortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">August 3, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Softswitch&nbsp; and modernization of MSAN Divre I, Divre II, Divre III
      and Divre IV</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$20.8 million and Rp.86,280
      million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$6.0 million and Rp.59,630
      million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and Tekken - DMT
    Concortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">September 15, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Fiber Optic Cable Access Divre VI Kalimantan</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.107,101 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.48,420 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and Huawei - Sansaine
      Consortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">November 24, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Palapa Ring Mataram-Kupang Cable System Project (MKCS)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$55.0 million and Rp.123,600
      million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$14.4 million and Rp.71,542
      million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and NEC&nbsp;-&nbsp;NSN
      Consortium</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 16, 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Capacity Expansion Ring Jasuka Backbone 2009</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">US$20.0 million and Rp.204,390
      million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.5.0 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT ZTE Indonesia</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 5, 2010</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Item
      price procurement and installation agreement for Insert Card
      IP-DSLAM</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.105,425 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.40,420 million</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Company and PT Huawei </FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">April 16, 2010</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0pt 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Procurement and installation agreement for
      Insert Card IP DSLAM</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.70,132 million</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rp.2,995
million</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">114</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_119></A>
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<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; &nbsp; Telkomsel</FONT></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 1in"><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In August 2007, based on letters from Ericsson AB
and PT Ericsson Indonesia and Nokia Siemens Networks (which currently represents
Nokia Corporation, PT Nokia Networks and Siemens AG), those companies agreed
to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">extend the agreements for the maintenance and
procurement of equipment and related services entered in August 2004, until new
agreements were made between Telkomsel and these other companies, and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">prior to the effective date of new agreements,
retroactively apply prices under the new agreements (retroactive price
adjustment) to PO for the procurement of BSS equipment and services issued by
Telkomsel after July 1, 2007 using the previous price list.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Subsequently, on April 17, 2008, Telkomsel, PT
Ericsson Indonesia, Ericsson AB, PT Nokia Siemens Networks, Nokia Siemens
Network Oy and Nokia Siemens Network GmbH &amp; Co.&nbsp; KG signed Combined 2G
and 3G CS Core Network Rollout Agreements. The Agreements are valid until the
later of:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">three years after the effective date (April 17,
2008, except for certain POs issued in August&nbsp;2007 which commenced on
August 15, 2007), or</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">the date on which the last PO under this agreement
terminates or expires in respect of any PO issued prior to the expiry of the
three year period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">For the purpose of providing telecommunication
services with 3G, in September and October 2006, Telkomsel entered into
agreements with Nokia Corporation and PT Nokia Networks, Ericsson AB and PT
Ericsson Indonesia and Siemens Networks GmbH &amp; Co. KG for network
construction (Rollout Agreement) and PT Nokia Networks, PT Ericsson Indonesia
and Siemens Networks GmbH &amp; Co. KG for network operations and maintenance
(Managed Operations Agreement and Technical Support Agreement). The agreements
are valid and effective as of the execution date by the respective parties (the
effective date) until the later of December 31, 2008 or the date on which the
last PO terminates under the agreements or expires in respect of any PO issued
prior to December&nbsp;31, 2008, provided that the suppliers are able to meet
the requirements set out in each PO. Based on letters from Telkomsel, the
Managed Operation Agreements with those companies were terminated as of
June&nbsp;30,&nbsp;2008.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On April 17, 2008, Telkomsel, PT Ericsson Indonesia
and PT Nokia Siemens Networks also entered into Technical Service Agreements for
technical support of Combined 2G and 3G&nbsp;CS Core Network. The agreements
commence:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">in respect of the August 2007 Project only, on the
date that transition-out services have been completed in accordance with the 3G
Managed Operations Agreement;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">in all other respects, on the Effective
Date;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">and continues until the later of:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">the date which is three years after the Effective
Date; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 76.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">the date on which the last PO under this Agreement
terminates or expires in respect of any PO issued prior to the expiry of the 3
year period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">115</P>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; Telkomsel
</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In 2008, Telkomsel entered into 2G BSS and 3G UTRAN
Network Trial Agreements (NTA) with PT Alcatel-Lucent Indonesia, PT ZTE
Indonesia and PT Huawei Tech Investment (&#8220;Trial&nbsp;Participants&#8221;). Such
agreements contain, among other things:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The provision by Trial Participants of the design,
supply, delivery, installation, integration and commissioning of 2G GSM BSS and
3G UMTS radio access network and technical support for such subsystem and
networks on a trial basis;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">At Telkomsel&#8217;s election, the Trial Participants
must transfer ownership to Telkomsel of those 2G GSM BSS and 3G UMTS radio
access networks. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to expiry of the trial period under 2G BSS
and 3G UTRAN Network Trial Agreements with ALU, based on a Settlement Agreement
on February 5, 2010, Telkomsel agreed to give compensation to ALU of US$7.2
million (equivalent to Rp.67.68 billion) and Rp.18.4 billion which was charged
to the 2009 consolidated statement of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">comprehensive&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> income.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In March and June 2009, Telkomsel, PT Ericsson
Indonesia, Ericsson AB, PT Nokia Siemens Networks, Nokia Siemens Network Oy,
Huawei International Pte. Ltd, Huawei Tech Investment and PT ZTE Indonesia
entered into 2G BSS and 3G UTRAN Rollout Agreements for the provision of 2G GSM
BSS and 3G UMTS Radio Access Network.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In accordance with the agreements, the Vendors
should provide equipment and related services, including amongst other
things:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Participate in Joint Planning process</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Provide SITAC and CME works</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Provide software license </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Provision of the equipment and services should be
aligned with other agreements such as Combined 2G BSS and 3G Core Network
Rollout and Technical Support Agreements dated April 17, 2008.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 63pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 59.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">During the period of the agreements, the vendors
(excluding Huawei International Pte. Ltd, PT Huawei Tech Investment and PT ZTE
Indonesia) agreed to provide vouchers, free of charge equipment and other
commercial incentives to Telkomsel. Part of the vouchers totaling US$107.05
million (equivalent to Rp.1,172 billion); were provided by the vendors as an
adjustment to prices stated in PO issued since July 1, 2007.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 59.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The agreements are valid until the later
of:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Three years after the effective date;
and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.2in; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date on which the last PO under these
agreements terminates or expires in respect of any purchase order issued prior
to the expiry of three year period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">116</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; Telkomsel
</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 59.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 59.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel may extend terms of the agreements for a
period up to 12 months.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.4pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On February 3, 2010, Telkomsel entered into the
following agreements for maintenance and procurement of equipment and related
services: </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Next Generation
Convergence IP RAN Rollout and Technical Support with PT Packet Systems
Indonesia and PT Huawei Tech Investment; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Next Generation
Convergence Core Transport Rollout and Technical Support with PT&nbsp;Datacraft
Indonesia and PT Huawei Tech Investment.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.4pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.4pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The agreements commence on the effective date and
continue until the later of:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date which is three
years after the effective date; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date on which the
last PO under the agreements terminate or expire in respect of any PO issued
prior to the expiry of the three year period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 59.4pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 59.4pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Telkomsel may extend the term of the agreements by a period of not more than two
years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 59.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On February 8, 2010, Telkomsel entered into an
Online Charging System (&#8220;OCS&#8221;) and Service Control Points (&#8220;SCP&#8221;) System
Solution Development Agreement with Amdocs Software Solutions Limited Liability
Company and PT Application Solutions. The latest amendment was made on September
30, 2010. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">On February 8, 2010, Telkomsel also entered into a
Technical Support Agreement with PT Application Solutions to provide technical
support services for the OCS and SCP.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The agreements commences on the effective date and
continues until the later of:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date which is five
years after the effective date; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date on which the
last PO under this agreement terminates or expires in respect of any PO issued
prior to the expiry of the five year period.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel may extend the term of the agreement by a
period of not more than three years.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On January 27, 2011, Telkomsel entered into Soft
HLR Roll Out Agreement with PT Nokia Siemens Networks and Nokia Siemens Networks
Oy and Soft HLR Technical Support Agreement with PT&nbsp;Nokia Siemens
Networks.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The agreements commences on the effective date and
continues until the later of:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date which is three
years after the effective date; and</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -12.6pt; MARGIN: 0in 0in 0in 1in; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The date on which the
last PO under this agreement terminates or expires in respect of any PO issued
prior to the expiry of the three years period,</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 59.85pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel may extend the term of the agreement by a
period of not more than two years.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">117</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Borrowings and other
credit facilities </FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -23.4pt; MARGIN: 0in 0in 0pt 59.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company has
Rp.190,000 million and Rp.60,000 million bank guarantee facility with BNI and
Bank Mandiri, respectively. The facilities expire on March 31, 2010 and December
23, 2011, respectively. As of the issuance date of the consolidated financial
statements, the extension of bank guarantee facility from BNI is still on
process. Under these facilities, as of March&nbsp;31, 2011, the Company has
issued a bank guarantee of Rp.118,829&nbsp;million and US$0.10 million
(equivalent to Rp.900 million) from BNI and Rp.46,127 million and US$0.05
million (equivalent to Rp.442 million) from Bank Mandiri for tender guarantee,
performance bond, security deposit, and advances for the Company&#8217;s project.
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -23.4pt; MARGIN: 0in 0in 0pt 59.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; Telkomsel has a US$3
million bond and bank guarantee, standby letter of credit facility and foreign
exchange facility with SCB, Jakarta. The facilities expire on July 31, 2011.
Under these facilities, as of March&nbsp;31, 2011, Telkomsel has issued a bank
guarantee of Rp.20,000&nbsp;million (equivalent to US$2.3 million) for a
3G&nbsp;performance bond (Note 48c.i). The bank guarantee </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif">is
valid</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">until March 24, 2012.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Others</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 49.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3G license</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 81pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">With reference to the Decision Letter No.
07/Per/M.KOMINFO/2/2006 and No.&nbsp;268/KEP/M.KOMINFO/9/2009 of the MoCI (Notes
1d.a and 2j), Telkomsel amongst other commitments, is required to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pay annual BHP fee which is determined based on a
certain formula over the license term (10&nbsp;years). The BHP for the sixth
year of the former license was paid in March 2011 and the BHP for the second
year of the additional license was paid in September 2010 (Note 13iii).
The&nbsp;commitments arising from the BHP as of March 31, 2011 and up to the
expiry period of the license using the formula set forth in the Decision Letter
are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="49%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Radio Frequency Usage
Tariff</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">BI
      rates (%)</FONT></B></P></TD>
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      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Index (multiplier)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Former License</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Additional License</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">20%
      x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I1</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=&nbsp;</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">
      </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(1 + R1)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40%
      x I1 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I1 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I2</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I1(1 + R2)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">60%
      x I2 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I2 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I3</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I2(1 + R3)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I3 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I3 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R4</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I4</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I3(1 + R4)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I4 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I4 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I5</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I4(1 + R5)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I5 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I5 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I6</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I5(1 + R6)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I6 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I6 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R7</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I7</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I6(1 + R7)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I7 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I7 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R8</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I8</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I7(1 + R8)</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I8 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I8 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">R9</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I9</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      I8(1 + R9)</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">130%
      x I9 x HL</FONT></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100%
      x I9 x HL</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">118</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_123></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 73.35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3G license</FONT></U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 1.25in; punctuation-wrap: simple"><I><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.2pt; MARGIN: 0in 0in 0pt 72.1pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.2pt; MARGIN: 0in 0in 0pt 72.1pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90.38%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 1in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes </FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">:</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="79%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%" colSpan=2>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Ri</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="79%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      average BI rate from previous year</FONT></I></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%" colSpan=2>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Auction Price (&#8220;Harga Lelang&#8221; or
      HL)</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="79%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      Rp.160,000 million</FONT></I></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="21%" colSpan=2>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Index</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="79%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=
      adjustment to the bidding price for the respective
  year</FONT></I></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 73.35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 73.35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The BHP is payable upon receipt of the notification
letter (&#8220;Surat Pemberitahuan Pembayaran&#8221;) from the DGPT.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Provide roaming access for the existing 3G
operators.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">3.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Contribute to USO development.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">4.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Construct a 3G network which covers a minimum
number of provinces, as follows:</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
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    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Minimum number of provinces</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="87%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">14</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">5.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Issue a performance bond each year amounting to
Rp.20,000 million or 5% of the annual fee to be paid for the subsequent year,
whichever is higher. This performance bond shall be redeemed by the Government
if Telkomsel is not able to meet the requirements set out in the above mentioned
Decision Letter or upon cancellation/termination of the license, or if Telkomsel
decides to return the license voluntarily.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(ii)&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Palapa Ring Consortium</FONT></U></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On November 10, 2007, the Company entered into a
C&amp;MA with 5 other companies for Palapa Ring Consortium. This consortium was
formed to build optical fiber network in 32&nbsp;cities in Eastern Indonesia
with total initial investment of Rp.2,070,336 million. The Company will obtain 4
lambdas bandwidth of total capacity of 8.44&nbsp;lambdas from this consortium
(Note 14). In 2008, 2 companies draw back from the consortium, hence the total
number of Palapa Ring Consortium&#8217;s member become 4 companies including the
Company.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">119</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(iii) </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Radio Frequency Usage
</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Based on the Decree No. 76 dated December 15, 2010
of Government of the Republic of Indonesia, which amended Decree No. 7 dated
January 16, 2009, the annual frequency usage fees with a bandwidth of 800 MHz,
900 MHz and 1800 MHz are determined using the following formula:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">N x K x I x C X B</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 0.15in">
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><I><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face="Times New Roman,serif">Notes :</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></I>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.15pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">N</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">normalizing factor using consumer price
      index, subject to change depending on the Government&#8217;s non-tax revenue
      target</FONT></I></P></TD></TR>
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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">K</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">adjusting factor based on economic value of
      the frequency bandwidth</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">I</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">reserved price</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">C</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">population of the citizens (in
      thousands)</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 0.15in">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="3%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">B</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.15in; PADDING-TOP: 0in" vAlign=top width="96%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">bandwidth</FONT></I></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The fee within 5 years is determined by the
following formula: </FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=ES color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Formula</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Y<SUB>1</SUB>= X + {(20% x &#8710;) &#8211;
    Z}</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Y<SUB>2</SUB>= X + (40% x &#8710;)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Y<SUB>3</SUB>= X + (60% x &#8710;)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Y<SUB>4</SUB>= X + (80% x &#8710;)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="7%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="92%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Y<SUB>5</SUB>= X + (100% x
  &#8710;)</FONT></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=ES color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=ES color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 1in; punctuation-wrap: simple"><I><U><FONT style="FONT-SIZE: 9pt" lang=ES color=windowtext face="Times New Roman,serif">Notes :</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 0in 0pt 81pt"><I><FONT style="FONT-SIZE: 5pt" lang=ES color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 52.75pt" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Yn
      </FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 2pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">frequency usage fee for each
      year</FONT></I></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">X</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 2pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">frequency usage fee for the period January 1,
      2009 up to December 31, 2009</FONT></I></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">&#8710;</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 2pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(N x
      K x I x C x B) - X</FONT></I></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Z</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">=</FONT></I></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top>
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 2pt" align=left><I><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">remaining annual frequency fee based on
      previous regulation as of December 15,
2010</FONT></I></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 0in 0pt 81pt"><I><FONT style="FONT-SIZE: 5pt" lang=ES color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As an implementation of the above decree, on
December 15, 2010, in a Decision letter No.&nbsp;456A/KEP/M.KOMINFO/12/2010, the
MoCI determined that the first year (Y<SUB>1</SUB>) annual frequency usage fee
of Telkomsel with licenses in 900 MHz band and 1800 MHz band is Rp.716
billion.&nbsp; The fee was paid on December 30, 2010. Based on&nbsp;the same
Decision Letter above and a Decision letter
No.&nbsp;5039/T/DJPT.4/KOMINFO/12/2010 dated December 16, 2010, the MoCI
determined that the first year (Y<SUB>1</SUB>) annual frequency usage fee of the
Company with licenses in 800 MHz band is Rp.51.7&nbsp;billion.&nbsp; The fee was
paid on December 27, 2010&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">120</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_125></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">48.&nbsp; COMMITMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;(iii) </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Radio Frequency Usage
</FONT></U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Prior to issuance of the above decree, in
accordance with the prevailing laws and telecommunications regulations, the
operators are obliged to register their radio stations with the DGPT to obtain
frequency usage license, except those stations that use 2.1 GHz frequency
bandwidth (Note 48c.i). The frequency usage fees are payable upon receipt of
notification letter (&#8220;Surat Pemberitahuan Pembayaran&#8221;) from DGPT. The fee is
determined based on the number of registered carrier (&#8220;TX&#8221;) for the Company and
transceivers (&#8220;TRX&#8221;) for Telkomsel of the radio stations with a fee ranging from
Rp.0.07&nbsp;million to Rp.17.55 million for each TX and Rp.3.4&nbsp;million to
Rp.15.9 million for each TRX (Note 8).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(iv)&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Apple,
Inc</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On January 9, 2009, Telkomsel entered into an
agreement with Apple, Inc for the purchase of iPhone products, marketing it to
customers using a third party (PT Trikomsel OKE) and providing cellular network
services. Cumulative minimum iPhone units that shall be purchased as of December
31, 2009, 2010 and 2011 are 125,000, 300,000 and 500,000 units for each
year.</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(v)&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Operating leases</FONT></U></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="83%" colSpan=7>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Minimum lease payment</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.8pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Less than 1 year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 4pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1-5 years</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">More than 5 years</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Operating leases</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">226,884</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 4pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">72,530</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 4pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">123,238</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">31,116</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Operating leases represent non-cancelable office
lease agreements of certain subsidiaries. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">49.&nbsp; CONTINGENCIES </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; In the ordinary course
of business, the Company and its subsidiaries have been named as defendants in
various legal actions in relation with land disputes, monopolistic practice and
unfair business competition and SMS cartel practices. Based on management's
estimate of the probable outcomes of these matters, the Company and its
subsidiaries have accrued Rp.48,406&nbsp;million as of March&nbsp;31,&nbsp;2011.
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; On January 2, 2006, the
Office of the Attorney General launched an investigation into allegations of
misuse of telecommunication facilities in connection with the provision of VoIP
services, whereby one of the Company&#8217;s former employees and four of the
Company&#8217;s employees in KSO VII were named suspects. As a result of the
investigations, one of Company&#8217;s former employees and two of the Company&#8217;s
employees were indicted in the Makassar District Court, and two other employees
were indicted in the Denpasar District Court for their alleged corruption in KSO
VII. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">121</P>
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<DIV align=center>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">49.&nbsp; CONTINGENCIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">On&nbsp;January 29, 2008, the Makassar District
Court found the defendant not guilty. The Attorney has&nbsp;filed an appeal to
Indonesian SC objecting the District Court ruling. On May 4, 2010, the Company
received SC&#8217;s decision that found the defendant guilty and sentenced the
defendant to a six-year prison term, Rp.500 million penalty, and indemnity
amounting Rp.30,115 million by jointly liability. The defendants filed a
judicial review to SC for the decision. As of the issuance date of the
consolidated financial statements, no decision has been reached on the judicial
review.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On March
3, 2008, Denpasar District Court found the defendants guilty and sentenced each
defendant to a one-year six-month prison term and a one year prison term and
gave a Rp.50 million penalty. The defendants have filed an appeal to the Bali
High Court objecting to the District Court ruling. On November 5, 2008, the Bali
High Court found the defendants guilty. On January 16, 2009, one of the
defendants in Bali High Court has filed an appeal to the Indonesian SC. On March
22, 2010, SC found the defendants not guilty, and the case is closed.
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; The Company, Telkomsel
and seven other local operators are being investigated by the KPPU for
allegations of SMS cartel practices. As a result of the investigations on June
17, 2008, KPPU found that the Company, Telkomsel and certain other local
operators had proven to violate Law No. 5/1999 article 5 and gave the Company
and Telkomsel Rp.18,000 million penalty and Rp.25,000 million penalty,
respectively. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Pursuant to the decision of KPPU dated June 17,
2008, the Company and Telkomsel have filed an objection with the Bandung
District Court and South Jakarta District Court, respectively, on July 14, 2008
and July 11, 2008, respectively. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Management believes that there are no such cartel
practices that led to a breach of prevailing regulations. As of the issuance
date of the consolidated financial statements, no decision has been reached on
the appeal.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; On January 6, 2011,
Telkomsel was notified by the Industrial Relations Court of Central Jakarta
District Court (&#8220;the Court&#8221;) that the Telkomsel's labor union ("SEPAKAT") has
filed a claim against Telkomsel through the Court concerning certain disputes
with Telkomsel on the execution of Collective Labor Agreement ("CLA"). The
information usually required by PSAK 57: Provisions, Contingent Liabilities and
Contingent Assets, is not disclosed as it could lead to a precipitate
presumption on the outcome of the litigation. Telkomsel&#8217;s management believes
that Telkomsel has sufficiently executed the CLA and as such the claim can be
successfully resisted by Telkomsel. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of the issuance date
of the consolidated financial </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">statements, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">it is still in process</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">.&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">122</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">49.&nbsp; CONTINGENCIES </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">For the matters and cases stated above, the Company
and its subsidiaries do not believe that any subsequent investigation or court
decision will have significant financial impact to the Company and its
subsidiaries.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">50.&nbsp; ASSETS AND LIABILITIES DENOMINATED IN
FOREIGN CURRENCIES</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The balances of monetary assets and liabilities
denominated in foreign currencies are as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 33pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 11pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Cash and
      cash equivalents</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">138.07</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,242,392</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">241.25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,100,310</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12.54</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">150,121</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.44</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">128,711</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Hongkong Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,317</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.47</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">6,119</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Singapore Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.82</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,799</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.63</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,334</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Malaysian Ringgit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.03</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.03</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">99</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japanese Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.39</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.42</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">44</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Temporary investments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8.84</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">79,566</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8.59</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74,754</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade receivables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3.16</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">28,434</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.49</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">21,700</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">79.19</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">712,758</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80.77</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">703,184</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.12</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,408</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,414</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other receivables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.48</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,331</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.52</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4,497</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Great Britain Pound sterling</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">121</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">122</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">43</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances and other non-current
      assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2.73</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,577</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10.48</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">91,243</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Hongkong Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.27</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">311</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Escrow accounts</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.61</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">41,552</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.62</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">40,197</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,307,873</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,176,771</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">123</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_128></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">50.&nbsp; ASSETS AND LIABILITIES DENOMINATED IN
FOREIGN CURRENCIES</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>

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    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">December 31, 2010</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Foreign</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">currencies</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Rupiah</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(in
      millions)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">equivalent</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Trade payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Related parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.73</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">51,559</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">4.48</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">39,023</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Third parties</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">341.80</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,074,585</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">327.67</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,853,681</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.18</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,128</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5.14</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">63,334</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Malaysian Ringgit</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.56</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,624</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.57</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,645</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Singapore Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.24</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,645</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.03</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">174</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japanese Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.73</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">81</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.73</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">77</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Great Britain Pound sterling</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.04</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">613</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">74</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Hongkong Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.01</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">17</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">25</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Swiss Franc</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">15</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Australian Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.05</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">453</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other payables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.07</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">588</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">967</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Accrued expenses</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">39.72</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">357,343</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">49.28</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">429,193</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">0.85</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">10,136</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1.15</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">14,149</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Singapore Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1.38</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">9,657</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">1.86</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">12,847</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">Japanese Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">38.35</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">4,250</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">120.52</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif">12,682</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Short-term bank loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.42</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,676</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Advances from customers and
      suppliers</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.90</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">8,114</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1.08</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,401</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Euro</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">0.02</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">241</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Current maturities of long-term
      liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">78.11</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">703,474</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">70.46</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">613,694</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japanese Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">767.90</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">85,099</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">767.90</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">80,798</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">30.54</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">275,348</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">39.96</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">348,019</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Long-term liabilities</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">U.S.
      Dollars</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">240.76</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,168,061</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">275.35</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,398,181</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Japanese Yen</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,982.67</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,106,279</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">9,982.67</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,050,376</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,861,069</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">7,932,272</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Net
      liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,553,196</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(4,755,501</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">As of December 31, 2010, the net monetary
liabilities position denominated in foreign currencies of the Company and its
subsidiaries is US$500.55 million and JPY10,789.26 million. As of March 31,
2011, the net monetary liabilities position denominated in foreign currencies of
the Company and its subsidiaries is US$420.09 million and JPY10,871.40
million.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The Company and its subsidiaries&#8217; activities expose
them to a variety of financial risks, including the effects of changes in debt
and equity market prices, foreign currency exchange rates and interest
rates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">If the Company and its subsidiaries report monetary
assets and liabilities in foreign currencies as of March 31, 2011 using the
rates on April 28, 2011, the unrealized foreign exchange gain will increase by
the amount of Rp.54.327 million. </FONT></P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">124</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">51.&nbsp; FINANCIAL ASSETS AND LIABILITIES
</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Financial risk
management</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
Company and its subsidiaries&#8217; activities expose it to a variety of financial
risks such as market risks (including foreign exchange risk and interest rate
risk), credit risk and liquidity risk. Overall, the Company and subsidiaries&#8217;
financial risk management programme is intended for minimizing lossess on the
financial assets and liabilities arising from fluctuation of foreign currency
exchange rate and the fluctuation of interest rate. Management provides written
policy for foreign currency risk management mainly through time deposits
placements and hedging to cover foreign currency risk exposures for the time
range of 3 up to 12 months.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Financial risk management is carried out by the
Treasury Management unit under policies approved by the Board of Directors. The
Treasury Management unit identifies, evaluates and hedges financial
risks.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange
risk</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
Company and its subsidiaries have significant receivables, payables and
liabilities balance denominated in foreign currencies which include the United
States Dollar, Japanese Yen, Euro, Singapore Dollar and Great Britain Pound
sterling. Increasing risks of foreign currency exchange rates on the obligations
of the Company and its subsidiaries are expected to be offset by time deposits
and receivables in foreign currencies are set at least 25% of the liabilities
and will mature in less than 1 (one) year with respect to the tendency of
changes exchange rates in the future.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Interest rate
risk</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; BACKGROUND: white; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Interest rate fluctuation is monitored to minimize
any negative impact to financial position. Borrowings at variable interest rates
expose the Company and its subsidiaries to interest rate risk (Notes 18,20,21
and 22). To measure market risk fluctuations in interest rates, the Company
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">and its subsidiaries </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">primarily use interest margin and maturity profile
of the financial assets and liabilities based on changing schedule of the
interest rate.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; BACKGROUND: white; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; BACKGROUND: white; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">The following table represents a breakdown of the
Company and subsidiaries&#8217; financial assets and liabilities which are impacted by
interest rates.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; BACKGROUND: white; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=7>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">March 31,
      2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">One
      year or less</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">More
      than one year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non
      interest bearing</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Cash
      and cash equivalents</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,620,990</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">24,486</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,645,476</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Temporary investments</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">265,148</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">114,899</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">380,047</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">1,175</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Other non-current assets</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">169,193</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">47,277</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">216,470</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total financial assets</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">10,887,313</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">169,193</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">186,662</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">11,243,168</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">125</P>
<HR align=center SIZE=2 width="100%" noShade>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_130></A>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">
<DIV align=center>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100.1%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">51.&nbsp; FINANCIAL ASSETS AND LIABILITIES
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp; Financial risk
management (continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk
(continued)</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=7>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">March 31,
      2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">One
      year or less</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">More
      than one year</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Non
      interest bearing</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Short-term bank loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,440</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">66,440</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two-step loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">816,101</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,100,743</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,916,844</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">423,019</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,022,700</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,445,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,472,080</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">258,892</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,730,972</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total financial liabilities</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">13,777,640</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">5,382,335</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">-</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">19,159,975</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Total interest repricing
gap</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(2,890,327</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(5,213,142</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(8,103,469</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></B></P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp; Credit risks</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
Company and its subsidiaries are exposed to credit risk primarily from trade
receivables and other receivables. Credit risk is managed by continuous
monitoring outstanding balance and collection of trade and other receivables.
</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
following table sets out the maximum exposure of credit risk and concentration
risk of the Company and its subsidiaries :</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 94.54%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 7.65pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><SUP><B><FONT style="FONT-SIZE: 3pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><SUP><B><FONT style="FONT-SIZE: 3pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=bottom width="72%" colSpan=5>
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Credit risk concentration</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.65pt; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><SUP><B><FONT style="FONT-SIZE: 3pt" color=windowtext face="Times New Roman,serif"></FONT></B></SUP>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Corporate</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="23%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Others</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="24%">
      <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Maximum exposure</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="27%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Trade receivables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">2,649,710</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3,635,786</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="24%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">6,285,496</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="27%">
      <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">Other receivables</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">71,526</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">18,544</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="24%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">90,070</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="27%">
      <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">2,721,236</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">3,654,330</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="24%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif">6,375,566</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Management is confident in its ability to continue
to control and sustain minimal exposure of credit risk given that the Company
and its subsidiaries have provided sufficient allowance for doubtful accounts to
cover incurred loss arising from uncollectible receivables based on existing
historical loss.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp; Liquidity
risks</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Liquidity risk arises in situations where the
Company and its subsidiaries have difficulties in fulfilling financial
liabilities when they become due.&nbsp; Prudent liquidity risk management
implies maintaining sufficient cash and cash equivalents in order to fullfil the
Company and its subsidiaries&#8217; financial liabilities. The Company and its
subsidiaries continuously perform an analysis to monitor statement of financial
position ratios, such as among other things, liquidity ratios, debt equity
ratios against debt covenant requirements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">126</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">51.&nbsp; FINANCIAL ASSETS AND LIABILITIES
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp; Fair value of financial
assets and liabilities</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Fair
value is the amount for which an asset could be exchanged, or liability settled,
in an arms-length transaction.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
table below sets out the carrying amount and fair value of those financial
assets and liabilities not presented on the Company&#8217;s consolidated statement of
financial positions at their fair values:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 96.36%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>

  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 4pt; PADDING-TOP: 0in" vAlign=bottom width="65%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 4pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 4pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">March 31, 2011</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 4pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 6.25pt">
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; PADDING-TOP: 0in" vAlign=bottom width="65%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; PADDING-TOP: 0in" vAlign=bottom width="16%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Carrying value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Fair value</FONT></B></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 6.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">
      <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Two
      step loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,916,844</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">2,903,323</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bonds and notes</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,445,719</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">3,633,605</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Bank
      loans</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,730,972</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">12,865,540</FONT></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">
      <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">The
Company and its subsidiaries consider the fair value of current financial assets
and liabilities approximates their carrying amount, as the impact of discounting
is not significant. The fair values of long-term liabilities are estimated by
discounting the future cash flows of each liability at rates currently offered
to the Company and its subsidiaries for similar debts of comparable maturities
by the bankers of the Company and its subsidiaries, except for bonds which are
based on market prices. </FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">52.&nbsp; SUBSEQUENT EVENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp; On April 19, 2011, the
Company has released a full disclosure statement to the public in relation
to&nbsp; the Company&#8217;s plan to conduct a phase IV stock repurchase program of
the Company&#8217;s stock which has been issued and listed in IDX up to 2.07% of its
paid up capital with total cost not to exceed Rp.3,000,000 million which will be
conduct gradually within the acquisition period that would not be longer than
18&nbsp;months upon approval from the AGM.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp; On April 19, 2011, TII
withdrawn Rp.200,000 million from BCA (Note 22).</FONT></P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">127</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
    <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">53.&nbsp; RECENT ACCOUNTING PRONOUNCEMENTS IN
INDONESIA </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22pt; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The
recent accounting pronouncements in Indonesia that are relevant to the Company
and its subsidiaries are as follow:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22pt; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 24 (Revised 2010), &#8220;Employee
Benefits&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Februar</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">y&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> 2010</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">DSAK&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> issued PSAK 24 (Revised 2010), &#8220;Employee Benefits&#8221;
</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">which amends </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 24 (Revised 2004),
&#8220;Employee Benefits&#8221;. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">The objective of this Standard is
to prescribe the accounting and disclosure for employee benefits. The Standard
requires an entity to recognise: (a) a liability when an employee has provided
service in exchange for employee benefits to be paid in the future; and, (b) an
expense when the entity consumes the economic benefit arising from service
provided by an employee in exchange for employee benefits.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> PSAK 24 (Revised 2010) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012. Early application is
prohibited.&nbsp; The company and its subsidiaries are currently assessing the
impact of the requirement of PSAK 24 (Revised 2010), &#8220;Employee Benefits&#8221; on the
consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22pt; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 46 (Revised 2010), &#8220;Income Tax&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In August&nbsp; 2010, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">DSAK&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> issued PSAK 46
(Revised 2010), &#8220;Income Tax&#8221; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">which amends </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 46 (Revised 1994), &#8220;Accounting for Income
Tax&#8221;. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">The objective of this Standard is to prescribe the
accounting treatment for income taxes. The principal issue in accounting for
income taxes is how to account for the current and future tax consequences of:
(a) the future recovery (settlement) of the carrying amount of assets
(liabilities) that are recognised in an entity's statement of financial
position; and (b) transactions and other events of the current period that are
recognised in an entity's financial statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">. PSAK 46 (Revised 2010) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012. Early application is encouraged.
However, for entities that do business combination in accordance with the
requirements of PSAK 22 (revised 2010), &#8220;Business Combination&#8221; is required to
make early application.</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">The company and its subsidiaries are currently
assessing the impact of the requirement of PSAK 46 (Revised 2010), &#8220;Income Tax&#8221;
on the consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(iii)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 50 (Revised 2010), &#8220;Financial Instruments:
Presentation&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">M</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ay&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> 2010</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">DSAK&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> issued PSAK 50 (Revised 2010), &#8220;Financial
Instruments: Presentation&#8221; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">which amends </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 50 (Revised 2006), &#8220;Financial Instruments:
Presentation and Disclosures&#8221;. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">The objective of this Standard is
to establish principles for presenting financial instruments as liabilities or
equity and for offsetting financial assets and financial liabilities. It applies
to the classification of financial instruments, from the perspective of the
issuer, into financial assets, financial liabilities and equity instruments; the
classification of related interest, dividends, losses and gains; and&nbsp;the
circumstances in which financial assets and financial liabilities should be
offset.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp; PSAK 50 (Revised 2010) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012 and prospectively applied. Early
application is encouraged. The company and its subsidiaries are currently
assessing the impact of the requirement of PSAK 50 (Revised 2010), &#8220;Financial
Instruments: Presentation&#8221; on the consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: center">128</P>
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      <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><A href="#TableofContents"><U><FONT style="LINE-HEIGHT: 13pt; FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND
SUBSIDIARIES</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011
(UNAUDITED) AND</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011
(UNAUDITED) </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of
Rupiah, unless otherwise stated)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.75in" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">53.&nbsp; RECENT ACCOUNTING PRONOUNCEMENTS IN
INDONESIA </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22pt; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 60 (Revised 2010), &#8220;Financial Instruments:
Disclosures&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 5pt 0in 5pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In May 2010, the DSAK issued PSAK 60 (Revised
2010), &#8220;Financial Instruments: Disclosures&#8221; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">which amends </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PSAK 50 (Revised 2006), &#8220;Financial Instruments:
Presentation and Disclosures&#8221;. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">The objective of this IFRS is to
require entities to provide disclosures in their financial statements that
enable users to evaluate: (a) the significance of financial instruments for the
entity's financial position and performance; and (b) the nature and extent of
risks arising from financial instruments to which the entity is exposed during
the period and at the end of the reporting period, and how the entity manages
those risks</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">. PSAK 60 (Revised 2010) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012 and prospectively applied. Early
application is encouraged. The company and its subsidiaries are currently
assessing the impact of the requirement of PSAK 60 (Revised 2010), &#8220;Financial
Instruments: Disclosures&#8221; on the consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22pt; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(v)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ISAK 15, &#8221;PSAK 24 - The Limit on a Defined Benefit
Asset&#8221;. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 5pt 0in 5pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In April 2010, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">DSAK&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> issued ISAK 15, &#8221;PSAK
24 - The Limit on a Defined Benefit Asset&#8221;. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">This Interpretation
applies to all post-employment defined benefits and other long-term employee
defined benefits. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ISAK 15 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012. Early application is prohibited.
The company and its subsidiaries are currently assessing the impact of the
requirement of ISAK 15 (Revised 2010), &#8221;PSAK 24 - The Limit on a Defined Benefit
Asset&#8221; on the consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -32pt; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">(vi)</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">ISAK 20, &#8220;Income Taxes - Changes in the Tax Status
of an Entity or its Shareholders&#8221;.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In August 2010, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">DSAK&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> issued ISAK 20,
&#8220;Income Taxes - Changes in the Tax Status of an Entity or its Shareholders&#8221;.
</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face="Times New Roman,serif">A change in the tax status of an entity or of its
shareholders may have consequences for an entity by increasing or decreasing its
tax liabilities or assets. This may, for example, occur upon the public listing
of an entity's equity instruments or upon the restructuring of an entity's
equity. It may also occur upon a controlling shareholder's move to a foreign
country. As a result of such an event, an entity may be taxed differently; it
may for example gain or lose tax incentives or become subject to a different
rate of tax in the future.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> ISAK 20 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">shall be effective for the reporting period
beginning on or after</FONT><FONT style="FONT-SIZE: 10.5pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">January 1, 2012. Early application is encouraged.
The company and its subsidiaries are currently assessing the impact of the
requirement of ISAK 20, &#8220;Income Taxes - Changes in the Tax Status of an Entity
or its Shareholders&#8221; on the consolidated financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(continued)&nbsp;</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">DECEMBER 31, 2010 (AUDITED) AND MARCH 31, 2011 (UNAUDITED) AND</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 (UNAUDITED) </FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Figures in tables are presented in millions of Rupiah, unless otherwise stated)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">54.&nbsp; ACCOUNTS RECLASSIFICATION </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Certain accounts in the consolidated financial statement for three months period ended </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">March 31</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">, 2010 has been reclassified to conform with the presentation of accounts of the consolidated financial statements for three months period ended </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">March 31</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">, 2011, </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">with details of significant accounts reclassification are</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"> as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.18%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Before</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">After</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">reclassification</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">Reclassification</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 3pt; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif">reclassification</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=top width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Consolidated STATEMENT OF COMPREHENSIVE INCOME for thRee</FONT></B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">MONTHS PERIOD ended</FONT></B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">MARCH 31</FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">, 2010:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 15.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=black face="Times New Roman,serif">Operating Expenses</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,354,760</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(384,330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(3,739,090</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">General and administrative</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(983,669</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">384,330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0pt; punctuation-wrap: simple" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(599,339</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; punctuation-wrap: simple" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center">130</P>

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