<SEC-DOCUMENT>0001001807-11-000041.txt : 20111028
<SEC-HEADER>0001001807-11-000041.hdr.sgml : 20111028
<ACCEPTANCE-DATETIME>20111028123443
ACCESSION NUMBER:		0001001807-11-000041
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20110930
FILED AS OF DATE:		20111028
DATE AS OF CHANGE:		20111028

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:		111164240
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pttelkom_infomemoq32011.htm
<DESCRIPTION>INFO MEMO 9M 2011
<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">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">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">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"></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">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"></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">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"></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">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"></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">For the month of </FONT></B><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman">October</FONT></U></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman">, 2011</FONT></B></P>

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

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

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

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

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman"></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">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">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"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman">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">signed on behalf by the</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman">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">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">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">(Registrant)</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">October 28, 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">By /s/ Prakoso Imam Santoso</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">(Signature)</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">ActingVice President Investor Relation</FONT></B></P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><U><FONT style="FONT-SIZE: 16pt" lang=EN-US color=black face="Times New Roman">PRESS&nbsp; RELEASE</FONT></U></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman">TEL. 242 /PR000/COP-A0070000/2011</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="Times New Roman">TELKOM RECORDED OPERATING REVENUE OF Rp53.05 TRILLION</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Jakarta, October 28, 2011</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman"> - Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. ("TELKOM" or the &#8220;Company&#8221;) has filed its un-audited Financial Statements for the nine month period ended September 30, 2011 with BAPEPAM-LK (the Indonesian Capital Market Supervisory Agency).&nbsp;&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">As of September 30, 2011, TELKOM recorded an increase in the number of subscribers compared to the same period in 2010, whereas telephony subscribers increase 10.6% from 118.2 million to 130.7 million, consisting of cellular subscribers (Telkomsel) which increase 11.8% from 93.1 million to 104.1 million, Flexi subscribers which increase 7.9% from 16.7 million to 18.1 million and wireline subscribers which increase 2.1% from 8.3 million to 8.5 million.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Broadband users recorded a significant increase of&nbsp; 75.1%&nbsp; compared to the same period in 2010 from 6.4 million to 11.2 million, consisting of Speedy customers which increase 42.7% from 1.5 million to 2.2 million, Telkomsel Flash users from 4.3 million to 5.9 million, and&nbsp; BlackBerry users increased 431% from 573 thousand to 3.0 million.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">"The total number of subscribers of Telkom Group as a whole until the third quarter of 2011 reached 132.9 million subscribers. This reflects Telkom Group&#8217;s ability to serve&nbsp; the needs of 58% of the population of this country for telecommunication services of information, media &amp; edutainment (TIME) about, "said Telkom's President Director, Rinaldi Firmansyah.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">In line with the above subscriber growth, operating revenues in Third Quarter 2011 increased 3.4% from Rp51.3 trillion to Rp53.0 trillion compared to the same period in 2010. Several indicators showed&nbsp; high growth: Internet&nbsp; increased 34.6%, datacom increased 19.6%, media increased 29%, IT Services increased 28.3% and SMS increased 10.8%. "In accordance with our TIME business portfolio, the growth in data is significantly high, despite the slowed growth in voice, which is down about 5.4% (mobile and fixed). I think it's normal because people&#8217;s lifestyles are starting to switch from voice to data even to triple play, "Rinaldi explained further.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">In Q3-2011 Telkom spent a non-recurring cost of around Rp956 billion. Out of that amount, Rp629 billion was for the Early Retirement Program (ERP) involving 762 employees and was effective October 1, 2011 while the rest were other costs, such as BHP frequency. ERP and non-recurring costs made net profit for the 9 month 2011 decreased 6.</FONT><FONT style="FONT-SIZE: 11pt" lang=IN face="Times New Roman">4</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">% compared to the same period of 2010&nbsp;from Rp8.9 trillion to Rp8.3 trillion, but when normalized, it grew by 2.</FONT><FONT style="FONT-SIZE: 11pt" lang=IN face="Times New Roman">1</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">%.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Related to Early Retirement Program, Rinaldi stated that &#8220;The program is part of Telkom's business transformation process from fixed, mobile, multimedia (FMM) to telecommunications, Information, Media and Edutainment (TIME), Telkom consistently strive to achieve the optimum amount and composition of employees in order to create speed, expertise and efficiency to strengthen the Company in facing competition. It also provides opportunity for employees to open a business of their interest in accordance with his experience during his employment at Telkom," said Rinaldi.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Looking at the growth in mobile cellular services (Telkomsel) during the Third Quarter 2011 compared to Second Quarter 2011, we see operating revenue increase 7.4% from Rp11.9 trillion to Rp12.8 trillion, operating expenses increase 3.6% from Rp7.7 trillion to Rp7.9 trillion, and net income increased 12.5% from Rp3.1 trillion to Rp3.5 trillion. "During the Third Quarter 2011, Telkomsel has showed better growth. We believe the growth will continue until the end of the year. We remain optimistic that Telkom will continue to maintain its leading position in terms of market share. Our future business will be focused on the development of broadband which growth is still high while maintaining our legacy business, "said Rinaldi</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">A full copy of the 3Q/2011 Financial Statement for PT Telekomunikasi Indonesia, Tbk. can be found on our website at http://www.telkom.co.id&nbsp; </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PRAKOSO IMAM SANTOSO</FONT></U></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Acting Vice President Investor Relations</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">For further information, please contact:</FONT></I></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Investor Relations Unit</FONT></I></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">PT TELEKOMUNIKASI INDONESIA, Tbk</FONT></I></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Tel:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62-21-5215109</FONT></I></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Fax:&nbsp;&nbsp;&nbsp; 62-21-5220500</FONT></I></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Email: investor@telkom.co.id</FONT></I></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman">About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk.</FONT></B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman"> &nbsp;</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">Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk</FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman"> </FONT></B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman">("TELKOM" or the &#8220;Company&#8221;)&nbsp; is the biggest full service and network provider in Indonesia.&nbsp; TELKOM's majority-owned subsidiary Telkomsel is also the largest Indonesian mobile cellular operator, as measured by subscribers and revenues. The Company also provides a wide range of other telecommunication services including interconnection, network, data and internet services, and other telecommunications services. TELKOM&#8217;s shares are listed in the Indonesian Stock Exchange (IDX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA). For more information please visit </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=blue face="Times New Roman">www.telkom.co.id &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman">Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, statements regarding the expected progress on the audit of the 2004 financial statements, constitute forward-looking statements which involve risks and uncertainties. Investors should not place undue reliance on such statements.</FONT></I></P>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 11pt" face="Times New Roman">nine months</FONT></B><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman"> 2011 RESULTS (UNAUDITED)</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">TICKERS:</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">NYSE : TLK</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">LSE : TKIA</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">IDX : TLKM</FONT></B></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">ISSUED SHARES</FONT><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">:&nbsp;</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">20,159,999,280 shares</FONT></B></P>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">SHAREHOLDER COMPOSITION:</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">Govt. of Indonesia : 52.</FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" lang=IN face="Times New Roman">85</FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">%&nbsp;</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">Public : 47.</FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" lang=IN face="Times New Roman">15</FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">%&nbsp;</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">Exclude treasury stock </FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" lang=IN face="Times New Roman">631,883</FONT></B><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">,000&nbsp;</FONT></B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" color=black face="Times New Roman"> </FONT><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">shares (3.13%)</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">CONVERSION RATES (US$ 1.00):</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">2010 = Rp8,925.00 (September 30, 2010)</FONT></B></P>

   <P style="MARGIN: 0in 0in 10pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8pt" face="Times New Roman">2011 = Rp8,790.00 (September 30, 2011)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.15pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="72%" colSpan=13>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 5pt" color=#333399 face=Wingdings>n</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=#333399 face="Times New Roman"> </FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman">Cellular customer base grew strongly by 11.8% year on year (&#8220;YoY&#8221;) to 104.1 million customers with net add for this quarter of 1.9 million new customers.</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 12.15pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=FR face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="72%" colSpan=13>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 5pt" color=#333399 face=Wingdings>n</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=#333399 face="Times New Roman"> </FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman">Broadband customers rising 75.1% to 11.2 million in 9M11. Our fixed broadband revenues were Rp2,985 billion meanwhile mobile broadband were Rp3,629 billion.</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=FR face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="72%" colSpan=13>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 5pt" color=#333399 face=Wingdings>n</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=#333399 face="Times New Roman"> </FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman">In September 2011, 762 of our employees participated in early retirement program and incur one-off costs for severance pay of Rp628.95 billion. We expected this program will help to reduce employee costs about Rp350 billion annually. </FONT></I></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 9pt"><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman"></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=FR face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">OPERATIONAL HIGHLIGHTS</FONT></I></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></I></B>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0.25in 0pt 0in"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 9pt" face="Times New Roman">Fixed Line LIS vs Cellular Subscribers (in million)</FONT></B></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt">
   <IMG src="x11102821461201.jpg" width=191 height=165></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 9pt" face="Times New Roman">Financial Indicators (in RpTn)</FONT></B></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt">
   <IMG src="x11102821461202.jpg" width=192 height=167>&nbsp;</P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=Calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" face="Times New Roman">DISCLAIMER</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face="Times New Roman">This document contains financial conditions and result of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements, by their nature, involve risk and uncertainty that could cause actual results and development to differ materially from those expressed or implied in these statements. Telkom Indonesia does not guarantee that any action, which may have been taken in reliance on this document will bring specific results as expected.</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" face="Times New Roman"></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face="Times New Roman">Investor Relations</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face="Times New Roman">PT Telekomunikasi Indonesia, Tbk</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face="Times New Roman">Grha Citra Caraka, 5<SUP>th</SUP> floor</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=PT-BR face="Times New Roman">Jl. Gatot Subroto No.52, Jakarta</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=PT-BR face="Times New Roman">Phone : 62 21 5215109</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=FR face="Times New Roman">Fax : 62 21 5220500</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=FR face="Times New Roman">Email : investor@telkom.co.id</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=FR face="Times New Roman">Website : </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=FR color=blue face="Times New Roman">www.telkom.co.id&nbsp;</FONT></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></I></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.75pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="22%" colSpan=5>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">YoY</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">QoQ</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Descriptions</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M10</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M11</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">4Q10</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1Q11</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2Q11</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3Q11</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 8.25pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(&#8216;000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 8.25pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Fixed Line:</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">LIS Wireline</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,334&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,510&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2.1&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,303&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,333&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,420&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,510&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1.1&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">LIS Wireless (Flexi):</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">16,756&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,085&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">7.9&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,161&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,708&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,736&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,085&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(3.5)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Postpaid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">554&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">520&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(6.1)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">546&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">536&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">525&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">520&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(1.0)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Prepaid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">16,202&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,565&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8.4&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,615&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,172&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,210&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,565&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(3.5)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">25,089&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">26,595&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">6.0&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">26,464&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">27,041&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">27,156&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">26,595&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(2.1)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Cellular:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Postpaid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,101&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,213&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5.3&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,127&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,165&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,202&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,213&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">0.5&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Prepaid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">91,035&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">101,936&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">12.0&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">91,884&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">97,200&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">100,089&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">101,936&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1.8&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">93,136&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">104,149&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">11.8&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">94,011&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">99,365&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">102,291&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">104,149&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1.8&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 7.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Broadband:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 7.5pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Fixed broadband/Speedy</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1,530&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,184&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">42.7&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1,649&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1,791&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,000&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,184&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9.2&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Mobile broadband/Flash </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">4,278&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,948&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">39.0&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,796&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">4,336&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,190&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,948&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">14.6&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">- Blackberry</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">573&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,039&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">430.4&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">966&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1,580&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,195&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,039&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">38.5&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">6,381&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">11,171&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">75.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">6,411&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">7,707&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9,385&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">11,171&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">19.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" face=Calibri,sans-serif></FONT></I>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></I></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif>FINANCIAL HIGHLIGHTS</FONT></I></B><B><FONT style="FONT-SIZE: 10pt" color=blue face=Calibri,sans-serif> &nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></I></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=blue face=Calibri,sans-serif>TELKOM GROUP</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></I></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="17%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="22%" colSpan=5>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="2%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="32%" 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">QoQ</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Key Indicators </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M10</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth (%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">4Q10</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">1Q11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2Q11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3Q11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth (%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Op. Revenues (Rp Bn)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">51,309&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">53,051&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3.4&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,321&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">16,706&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,752&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">18,594&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">4.7&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Op. Expenses (Rp Bn)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">34,115&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">36,730&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">7.7&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">12,023&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">11,512&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">12,023&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">13,195&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9.7&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Op. Income (Rp Bn)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">17,194&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">16,321&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(5.1)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,296&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,194&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,728&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">5,399&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(5.8)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">EBITDA (Rp Bn)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">28,237&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">27,104&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(4.0)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,866&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,642&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9,431&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9,031&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(4.2)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">EBITDA Margin (%)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">55.0&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">51.1&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(3.9)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">51.2&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">51.7&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">53.1&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">48.6&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(4.6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Net Income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,960&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,385&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(6.4)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,577&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,828&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,111&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,445&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(21.4)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman"></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman">Normalized Income for the period* to Accounting Policy and ERP</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman"></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 9.75pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" rowSpan=2 width="34%" colSpan=4>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" width="1%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" width="18%" colSpan=4>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" width="2%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" width="18%" colSpan=4>

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 15pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="1%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M10</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9M11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth (%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2Q11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3Q11</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 15pt; BORDER-TOP: black 1pt solid; PADDING-TOP: 0in" width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Growth (%)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 15pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Income for the period*</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,960&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,385&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(6.4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,111&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2,445&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(21.4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Under accrue on BPK**</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">114&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Change on routine Salary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">54&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">ERP</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">629&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">629&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Adjustment on Flexi BHP Frequency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">158&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">158&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 9pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Tax Impact</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(191)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(157)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #ccccff; HEIGHT: 9pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">Normalized Income for the period *</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">8,960&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">9,149&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">2.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

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

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,111&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">3,075&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman">(1.2)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%" colSpan=2>

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

<TR style="HEIGHT: 24pt">

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman">*) Income for the period attributable to owner of the parent</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman">**) BPK abbreviation </FONT><I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman">Bantuan Peningkatan Kesejahteraan</FONT></I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman">, in from of lump sum employee benefit</FONT></P></TD>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">PT TELEKOMUNIKASI INDONESIA, Tbk.</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">nine
months 2011</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">
RESULTS (UNAUDITED)</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The following analysis and discussion is
based on our financial statements for the </font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">nine months</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of 2010 and
2011, which ended on September
30,
2010 and September
30,
2011 respectively. Those
financial statements have been submitted to the BAPEPAM-LK, the Capital
Market and Financial Institutions Supervisory Agency and furnished to
the US Securities and Exchange Commission. </font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">OPERATIONAL
RESULTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Cellular Service</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Market condition in 3Q11 was
relatively stable compared to the same period last year with a special
promotion during the Ramadhan/Lebaran seasons in August. This quarter,
anticipating the traffic load during the Ramadhan celebration, we further
strengthened our network by adding 1,428 new BTSs. By end of September 2011, we
had 41,037 BTSs on air, including 9,032 3G Node-B.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer Base</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We added 1.86 million new customers in
3Q11, resulting a total net add for the year of 10.14 million new customers. As
of September 30, 2011, Telkomsel served 104.15 million customers, consisting of
2.21 million postpaid and 101.94 million prepaid customers. The customer base
grew strongly, and was up 12% from a year ago or 2% from the previous quarter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Priming to the
new era of competition, the growth of data service users gives confidence that
there are rooms for further growth in our business. One particularly
encouraging note is that the number of BlackBerry users reached 3.04 million
customers in September 2011. This represents 431% growth from the same period
last year. Our Flash broadband customer showed a significant growth of 39.0%
YoY to 5.9 million in September 30, 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Traffic
Productions</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total chargeable MoU
(minutes of use) up to the end of 9M11 was 120.8 billion minutes an increase of
30% YoY. It declined 5% compared to 2Q11, mainly due to school and Lebaran
holidays during the quarter. However, we saw a sustainable growth in revenue
per minute (&#8220;RPM&#8221;). Average RPM of 9M11 reached Rp167.</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Chargeable SMS
production in 3Q11 increased 5% compared to 2Q11, while the chargeable SMS for
9M11 was 15% higher compared to 9M10. It reached 78.2 billion units in 9M11.
Average revenue per SMS (&#8220;RPS&#8221;) continued to improve in 3Q11 with our new
tariff scheme program. For the nine months 2011, it reached Rp123, which was 9%
higher than 9M10.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">With
the growth of Telkomsel data users, data traffic/payload has shown outstanding
growth during the last few quarters. For 9M11, it reached 19,140 terabytes, a
growth of 171% from the same period last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU
&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Blended
ARPU for 9M11 was Rp38,000, a decline of 12% from the same period last year.
ARPU has been declining due to the impact of competition and penetration to
lower market segments. However, it has been relatively stable for the last two
quarters.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Network
Development</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
the 9M11, Telkomsel added 4,480 new BTS units (including 1,261 3G Node-B
units). As of September 30, 2011, there were 41,037 BTS units (including 9,032
3G Node-B units) on air, an increase of 16% from the same period last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">New
Products and Programs </font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:35.7pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font color=blue face=Symbol lang=EN-US style="font-size:14.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In
July 2011, we launched Telkomsel Tap Izy as a new innovation in T-Cash service
(mobile payment) by introducing contact less technology with RFID (Radio Frequency
Identification) for secure payment transactions. By tapping their mobile phone
with the RFID chip embedded into the sim-card (</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">kartuHALO&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &amp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">)
against any terminal reader device, customers can securely make payments. The
RF-SIM card can be purchased for Rp50,000 in GraPARI and a cash-in/deposit
ranging from Rp25,000 to Rp1,000,000 can also be made in GraPARI or Indomaret
spots,.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.7pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font color=blue face=Symbol lang=EN-US style="font-size:14.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
launched several promo program for Kartu As:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">July
2011, the Free 60 minutes package was launched;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">August
2011, the Kartu As Extra Ampuh was introduced with new tariff scheme and
segmentation for voice and SMS; and</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">September
2011, the Kartu As BonbAStis was introduced. This is a new promotion with Rp0
tariff scheme and credit usage reward.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font color=blue face=Symbol lang=EN-US style="font-size:14.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To
monetize the Ramadhan momentum, we launched several promotions as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">kartuHALO&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> Ramadhan was
launched in August 2011;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">New
program of </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">InternetMania &amp; TalkMania in July 2011; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Modified
promotion of Kartu As Rp0 with additional package of 5 Get 5,000 SMS in July
2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In the following table, we present a
yearly and quarterly comparison about our cellular business performance:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:10.5pt;">
  <td valign=bottom width=26% style="background:white;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td rowspan=2 width=11% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Unit</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=39% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td width=8% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td width=8% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td width=1% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=26% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">CUSTOMER BASE</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Customer Base</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Postpaid (kartuHALO)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,101&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,213&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,127&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,165&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,202&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,213&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Prepaid (simPATI + Kartu As)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 91,035&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 101,936&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">12.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 91,884&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 97,200&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100,089&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 101,936&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Total</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 93,136&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 104,149&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">11.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 94,011&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 99,365&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 102,291&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 104,149&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Net Add</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Postpaid (kartuHALO)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">66&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">87&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">31.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">25&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">39&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">37&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">11&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (70.3)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Prepaid (simPATI + Kartu As)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11,426&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,052&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (12.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 847&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,316&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,889&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,847&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (36.1)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Total</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs (000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11,492&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,139&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (11.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 872&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,355&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,926&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,858&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (36.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">MOU (chargeable)</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Bn minutes</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 93&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 121&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">30.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">37&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">43&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">40&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (5.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SMS (chargeable)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Bn units</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 68&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 78&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">14.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">26&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">25&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">26&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">28&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 8.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">ARPU</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total (9 months average)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Postpaid (kartuHALO)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp.'000 per mo.</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">212&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">197&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (7.1)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">206&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">196&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">198&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">196&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.0)</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=26% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Prepaid (simPATI + Kartu As)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp.'000 per mo.</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">39&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">35&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (10.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">36&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">34&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">34&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">37&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 8.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Blended</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp.'000 per mo.</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">43&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (11.6)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">40&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">37&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">40&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=26% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">NETWORK DATA</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Network Capacity</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Base stations installed (GSM/DCS/3G)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Unit</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 35,316&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 41,037&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 16.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 36,557&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 37,830&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 39,609&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 41,037&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">EMPLOYEE DATA</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Total employees *)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">person</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,354&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,402&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,421&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,403&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,409&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,402&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.2)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=26% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">     Efficiency ratio</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Subs/employee</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 21,392&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 23,659&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 21,265&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 22,567&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 23,200&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 23,659&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td valign=bottom width=26% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=3 valign=bottom width=45% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">*) Excluding Board of Directors</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Broadband Services</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.</font></b><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fixed
Broadband (&#8220;Speedy&#8221;) </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:9.0pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer Base</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:34.85pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September
30, 2011, we served 2.2 million Speedy customers, representing 42.7% growth
from 1.5 million customers on September 30, 2010 and 9.2% higher than the
number of customers from the previous quarter. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:34.85pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU for the
nine months 2011 was Rp175K, a decline of 21.2% from the same
period last year and a decrease of 7.2% from last quarter. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">New Products and
Programs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:34.85pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We plan to
gradually upgrade our Speedy customers who have a 384 kbps or 512 Kbps service
to a minimum bandwidth of 1 Mbps and above. The upgrade is being carried out to
facilitate video access. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.35pt;text-align:justify;"><font color=blue face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.</font></b><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Mobile
Broadband (&#8220;Flash&#8221;) </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;margin-right:9.0pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer Base</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our subsidiary,
Telkomsel, provides a mobile broadband product under the brand name &#8220;Flash&#8221;.
Our Flash users showed a significant growth of 14.6% QoQ and 39.0%YoY to 5.9
million in September 30, 2011.</font><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:10.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Products and
Programs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Our synergizing
broadband program (Speedy-Flash Package) is still running. This product
provides our customers the options of using either DSL or HSDPA technology,
with the convenience of a single bill. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fixed Wireline Services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:9.05pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer Base</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September 30, 2011, our fixed
wireline service continues to dominate the segment with an approximately 99%
market share. The total active lines have remained essentially flat
at
8.5 million,
representing an
increase of 2.1% YoY and 1.1% QoQ. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU for this period amounted to
Rp99.7K, a decrease of 5.3% from the same period last year. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=navy face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fixed Wireless Service (&#8220;Flexi&#8221;)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Customer Base</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September
30 2011, we served 18.1 million customers. This is an increase of 7.9% from a
year ago but represents a decrease of 3.5% from the previous quarter, mainly
due to a decrease in the number of our prepaid customers. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Traffic
Productions</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Revenue per minute was Rp163, an
increase of 4.5% from Rp156 YoY or an increase of 17.8% QoQ. </font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This quarter, total wireless production
(MoU) decreased by 16.6% from 2.1 billion minutes to 1.8 billion minutes.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">ARPU (blended) for this period was
Rp9.0K,
a 47.1%
decrease from last year and remain the same with the previous quarter.</font></p>

<p style="margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Network capacity</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">During nine
months 2011, the number of Flexi BTS units increased by 2.3% to 5,708 BTS
covering 370 cities. Approximately 700 units of these 5,708, featured with Evolution
Data Optimized (&#8220;EVDO&#8221;) Rev-A technology. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">EVDO Rev-A
allows our customers to freely access the Internet via mobile phones and modems
with speeds up to 3.1 Mbps.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The following
table presents a comparison of Flexi performance on both a yearly and quarterly
basis:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:10.5pt;">
  <td valign=bottom width=19% style="background:white;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td rowspan=2 width=13% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">UNIT</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=42% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=19% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Customer Base</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Classy/Postpaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 554&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 520&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(6.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">546&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">536&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">525&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">520&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(1.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Trendy/Prepaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 16,202&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17,565&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">8.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">17,615&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,172&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,210&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">17,565&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(3.5)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Total</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 16,756&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 18,085&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">7.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,161&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,708&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,736&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18,085&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(3.5)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Net additional</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Classy/Postpaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (95)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (26)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(72.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(7)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(11)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(10)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(50.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Trendy/Prepaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,712&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (50)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(102.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">1413&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">558&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(646)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1,800.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Total </font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">SSF('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,617&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (76)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(104.7)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">1406&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">547&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">28&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(651)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (2,425.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">ARPU</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Classy/Postpaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 85&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 77&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(9.4)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">84&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">78&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">76&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">77&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Trendy/Prepaid</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 14&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(50.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">11&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">8&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(12.5)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Total Blended</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp('000)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 9&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(47.1)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">13&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">10&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">9&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">MoU (Minute of use)</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">mn minutes</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 9,198&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,283&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(31.7)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2,759&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2,392&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2,136&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">1,781&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(16.6)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">SMS</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">mn messages</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,047&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,526&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(17.1)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">934&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">916&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">893&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">712&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">(20.3)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">NETWORK</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   BTS</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">BTS</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,580&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,708&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5,641&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5,707&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5,705&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5,708&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=19% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">   Coverage</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cities</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 370&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 370&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">370&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">370&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">370&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">370&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">0&nbsp;</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><b><font face="Times New Roman" lang=SV style="font-size:12.0pt;">FINANCIAL RESULTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">TELKOM GROUP</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=25% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Operating Revenues</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td rowspan=2 width=25% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=27% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=46% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Fixed Line (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 9,747&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 8,748&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (10.3)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,193&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,930&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,936&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,882&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.8)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cellular (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 21,684&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 20,943&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (3.4)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 7,450&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,755&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,777&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 7,411&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 9.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Interconnection (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,775&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,625&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (5.4)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 961&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 846&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 832&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 948&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Data, Internet &amp; IT (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15,035&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17,901&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 19.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,766&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,452&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,096&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,353&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Network (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 903&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 954&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 155&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 305&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 325&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 325&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=25% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Other (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,164&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,880&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 61.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 797&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 419&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 786&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 674&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (14.2)</font></p>
  </td>
 </tr>
</table></div>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:9.0pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We recorded operating revenues of Rp18,593.5 billion
in 3Q11, a
4.7%
increase
from
Rp17,751.6 billion in 2Q11.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed line</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> revenue decreased by 1.8% from Rp2,935.9 billion in 2Q11
to Rp2,882.4 billion in
3Q11, due to a decrease in fixed
wireline revenue especially in usage revenue.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cellular&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> revenue
increased by 9.3% from Rp6,777.3 billion in 2Q11 to Rp7,410.7 billion in 3Q11
due to increase in usage revenue.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interconnection&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> revenue
increased by 13.9% from Rp831.7 billion in 2Q11 to Rp947.5 billion in 3Q11.
This was mainly due to increase in domestic interconnection and transit
revenue.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Data, internet
and information technology services</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> revenues increased by 4.2% from
Rp6,095.8 billion in 2Q11 to Rp6,353.4 billion in 3Q11, due to increase in
internet, data communication and information technology services revenue. </font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Network&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> revenues were
relatively flat, growing by 0.1% from Rp324.5 billion in 2Q11 to Rp325.0
billion in 3Q11.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Other
telecommunication</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
revenues declined by 14.2% from Rp786.5 billion in 2Q11
to Rp674.5 billion in
3Q11, particularly caused mainly by lower leased tower, and directory
assistance revenues.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:15.75pt;">
  <td colspan=2 valign=bottom width=29% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Operating Expenses</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td rowspan=2 width=20% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=29% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=40% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Depr &amp; Amort (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11,043&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,782&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (2.4)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,568&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,448&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,703&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,632&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.9)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Personnel (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,427&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,470&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 19.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,089&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,951&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,905&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,613&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 37.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">O &amp; M (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 12,042&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 12,784&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,004&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,070&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,240&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,475&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">G &amp; A (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,727&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,793&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 626&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 511&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 556&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 726&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 30.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Interconnection (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,277&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,531&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 809&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 806&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 791&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 933&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=20% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Marketing (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,598&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,370&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 48.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 927&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 725&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 829&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 816&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.6)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:5.0pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total Operating Expenses was Rp13,194.6 billion in
3Q11 increasing by 9.7% from Rp12,023.1 billion in 2Q11. </font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Depreciation and amortization</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expense
decreased by 1.9% from Rp3,702.7 billion to Rp3,631.9 billion, mainly due to
decrease in depreciation of direct acquisitions assets.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Personnel&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expenses increased by 37.2%, from Rp1,905.2 billion to Rp2,613.2 billion due to Early Retirement
Program which contributed Rp628.4 billion.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operation, maintenance and
telecommunication</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">services&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expenses increased by 5.6% from Rp4,239.6 billion in 2Q11
to Rp4,475.0 billion, mainly
due to increase in operation
and maintenance and customer premises equipment expenses.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General and administrative</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expenses increased by 30.7% from Rp555.5 billion in 2Q11
to Rp725.9 billion, due to
increase in general and
social contribution cost.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interconnection&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expense
increased by 17.9% from Rp791.4 billion to Rp933.1 billion due to the
increasing domestic interconnection and transit expense. </font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:9.35pt;margin-right:1.25pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Marketing&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> expenses
decreased by 1.6% from Rp828.7 billion to Rp815.6 billion due to decrease in
advertising and promotion expenses. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.35pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">EBITDA and EBITDA Margin</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September 30,</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2011, EBITDA
reached Rp9,030.8 billion, decreasing by
4.2% from previous quarter, while EBITDA margin decreased by 4.6% to
48.6% in 3Q11. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Income for the Period
Attributable to Owner of the Parent</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Income for the
Period to Owner of the Parent decreased QoQ by 21.4% to Rp2,445.4 billion and
profit margin decreased by 4.4% to 13.2% in 3Q11. Return on Equity (ROE) and
Return on Assets (ROA) for this period reached 5.3% and 2.5%, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=22% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Financial Position</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=9 valign=bottom width=90% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">In the following table we present a comparison of our relative
  Financial Position:</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td rowspan=2 width=22% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Financial
  Position</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Assets (Rp Tn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 99.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 99.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 99.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 99.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.4)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Liabilities (Rp Tn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 46.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 41.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (11.2)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 43.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 40.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 44.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 41.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (7.4)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Equity (Rp Tn)*</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 42.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 46.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 7.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 44.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 47.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 44.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 46.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=2 valign=bottom width=31% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">*) exclude non-controlling interest</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September 30, 2011, our total
assets decreased by 0.4% from Rp99.8 trillion to Rp99.5 trillion on 3Q11. This was mainly due to
the
decrease</font><font face="Times New Roman" lang=EN-ID style="font-size:10.0pt;"> in
current assets mainly in cash and cash equivalents due to our Share Buy Back
Program.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-ID style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-ID style="font-size:10.0pt;">Total Liabilities decreased by
7.4%% from Rp44.5 trillion to Rp41.2 trillion, mainly due to non-current
Liabilities decreasing by 8.6% to Rp19.6 trillion as a result of a decrease in
bank loans.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.25pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total equity increased by 3.9% from
Rp44.2 trillion at the end of September 30, 2010 to Rp46.0 trillion on
September 30, 2011 due to increase in unappropriate retained earnings.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:9.0pt;margin-top:0in;text-align:justify;"><b><font color=navy face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Cash Flows</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.35pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total
cash and cash equivalents at the end of this period was Rp9.4 trillion, a 11.1%
decrease compared to 2Q11. This was a result of:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:9.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=#333399 face=Wingdings lang=EN-US style="font-size:5.0pt;">n</font><font color=#333399 face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash flows from operating
activities increasing by Rp7.8 trillion, or 51.2%, primarily due to an increase
in cash receipts from operating revenues;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:9.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=#333399 face=Wingdings lang=EN-US style="font-size:5.0pt;">n</font><font color=#333399 face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash flows used in investing
activities increasing by Rp3.3 trillion, or 60.2%, primarily due to a increase
in cash paid acquisition of property, plant and equipment; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:9.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=#333399 face=Wingdings lang=EN-US style="font-size:5.0pt;">n</font><font color=#333399 face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash flows used in financing
activities increasing by Rp5.6 trillion, or 69.5%, primarily due to an increase
in cash dividends paid and repayment for long-term borrowings.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:1.25pt;margin-top:0in;text-align:justify;"><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=31% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=navy face="Times New Roman" style="font-size:10.0pt;">FINANCIAL RATIOS</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=31% style="background:white;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=43% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=31% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Q4/10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Q1/11</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Q2/11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Operating Margin (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">33.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">29.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (4.2)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">30.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">31.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">32.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 29.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (3.2)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Profit Margin (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">16.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">13.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (3.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">14.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">16.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">17.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (4.4)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">EBITDA Margin(%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">53.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">48.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (5.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">51.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">51.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">53.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 48.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (4.6)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Current Ratio (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">77.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">95.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">91.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">108.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">92.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 95.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Return on Asset (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">2.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.7)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Return on Equity (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">6.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">5.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">6.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">7.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.7)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Liabilities to Equity (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">109.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">89.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (19.7)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">97.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">85.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">100.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 89.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (11.0)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Gearing (Net Debt to Equity) (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">30.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">16.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (13.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">26.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">17.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 16.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.6)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Debt Equity (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">52.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">38.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (14.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">48.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">40.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">43.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 38.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (5.1)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Debt to EBITDA (%)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">237.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">194.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (43.1)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">241.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">221.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;">203.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 194.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (8.8)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=31% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Debt Service Ratio (Times)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (0.0)</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:12.0pt;">TELKOMSEL</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=navy face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Statement of
Comprehensive Income</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In the following
table, we present a YoY and QoQ comparison for Telkomsel&#8217;s Statement of
Comprehensive Income:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.75pt;">
  <td rowspan=2 width=21% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Key Indicators</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=29% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=48% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Op. Revenues (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 34,084&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 36,029&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 5.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 11,483&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 11,297&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 11,926&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 12,806&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Op. Expenses (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 21,283&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 23,070&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 8.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7,103&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7,450&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7,672&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7,949&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Op. Income (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 12,801&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 12,959&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 4,380&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3,847&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 4,254&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 4,857&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 14.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">EBITDA (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 19,838&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 20,550&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 6,760&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 6,245&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 6,877&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 7,427&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 8.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">EBITDA Margin (%)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 58.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 57.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> (1.2)</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 58.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 55.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 57.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 58.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 0.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;">Inc.for the period
  (Rp Bn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 9,189&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 9,509&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3,172&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 2,856&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3,130&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 3,522&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" lang=SV style="font-size:10.0pt;"> 12.5&nbsp;</font></p>
  </td>
 </tr>
</table></div>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=SV style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Operating
Revenues</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operating revenues</font></b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> of Rp36.03 trillion were recorded in 9M11, an increase of 6% YoY.
The growth was due to the rise in non-voice revenue, particularly from data
service. Compared to last quarter results, operating revenues increased 7%. The
improved revenue per minute and revenue per SMS also provided a positive impact
to the revenue growth in 3Q11.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Postpaid revenue</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
decreased 2% YoY to Rp3.25 trillion and was mainly driven by a decline in voice
revenue. The revenue for 3Q11 increased 10% QoQ, resulting from the growth in
both voice and non-voice revenues</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Prepaid revenue</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
increased 7% YoY to Rp29.50 trillion, driven by the growth of Kartu As
customers. It saw an increased of 8% QoQ</font><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">compared
to the earlier quarter, as a result of both voice and non-voice revenues</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">International roaming
revenues</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> increased 1% YoY to Rp520 billion. The figure declined 6% QoQ due
to decline in outbound traffic. Starting 1Q11, revenues received from
international roaming partners, as a result of foreign visitors roaming on
Telkomsel&#8217;s network, are recorded under interconnection revenues</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Interconnection
revenues</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> increase 1% YoY to Rp2.35 trillion, as a result of the combined
impact of an increase in interconnection revenue from foreign roamers combined
with a decrease in domestic interconnection. The number increased 4% QoQ due to
the rise in domestic interconnection revenue</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">; and</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Other operating
revenues</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">, as a result of network lease and USO compensation fee, increased
8% YoY to Rp400 billion. The figure was 14% lower QoQ. Both the YoY and QoQ
growth were mainly contributed by USO compensation fees</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:8.75pt;margin-right:1.35pt;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:8.75pt;margin-right:1.35pt;margin-top:0in;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Non-voice revenues (SMS,
Data &amp; VAS) contribution to total revenues increased from 29% in 9M10 to
36% in 9M11. It was 12% higher QoQ. Both the YoY and QoQ growth were mainly
contributed by SMS and Data.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.35pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Operating Expenses</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.35pt;text-align:justify;"><b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operating
expenses</font></b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
increased 8% YoY and 4% QoQ to Rp23.07 trillion, which was mainly due to the
increase of marketing and other operating expenses</font><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Personnel expenses</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increased 6% YoY to Rp1.24 trillion, inline with 1%
increase in number of employees. It increased by 1% QoQ due to increase in
employee allowances</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Operation &amp; maintenance
expenses</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
</font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">increased slightly (1%) YoY to Rp7.84 trillion. It
was 8% higher QoQ, due to additional network space rental and power supply
costs (electricity cost) compared to the previous quarter</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">General &amp;
administration expenses</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> decreased by 1% YoY to Rp618 billion.
For the last two quarter, total expenses for several general &amp;
administrative expenses were relatively stable, as a result of efforts in cost
control</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Marketing expenses</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
grew 72% YoY to Rp1.57 trillion, mainly due to an increase in marketing and
promotional activities in an attempt to reclaim the market and to promote the
data business. The rise was also a result of changes to dealer sales schemes.
Compared to 2Q11, marketing expenses in 3Q11 were 8% higher due to the higher
cost of sales support</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">International roaming
and Interconnection charges</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> decreased 5% YoY to Rp1.96 trillion
mostly due to a decline in the domestic interconnection tariff. It increased 6%
QoQ, as a result of the increase in payment to international roaming partners</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:1.35pt;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Other operating
expenses</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> grew 32% YoY to Rp2.25 trillion and increased 6% QoQ. The YoY and
QoQ growth of other operating expenses was mainly as a result of the growth of
data services, particularly for the payment of data access fee for Blackberry
services in line with the strong growth of Blackberry subscribers</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">; and</font></p>

<p style="margin-bottom:3.0pt;margin-left:.25in;margin-right:1.45pt;margin-top:0in;text-align:justify;text-indent:-9.35pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Depreciation
expenses</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> increased 8% YoY to Rp7.59 trillion and decreased 2% from the
previous quarter related to network infrastructures growth and an impact of
changes in estimated assets useful life</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:1.45pt;margin-top:0in;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Other
(non-operating) </font></b><b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">expenses&nbsp;</font></b><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
declined 49% YoY to Rp237 billion mainly as a result of debt repayment and
refinancing to the lower rate of financial charges.</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:1.45pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=22% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#333399 face="Times New Roman" style="font-size:12.0pt;">Financial Position</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=#333399 face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=9 valign=bottom width=90% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">In the following table we present a comparison for the
  Telkomsel's Financial Position:</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td rowspan=2 width=22% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Financial
  Position</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=49% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">4Q10</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">1Q11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Assets (Rp Tn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 60,608.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 57,880.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (4.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 57,343.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 58,349.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 54,705.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 57,880.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Liabilities (Rp Tn)</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 29,574.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 22,819.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (22.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 23,137.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 21,287.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 23,166.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 22,819.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (1.5)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=22% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total Equity (Rp Tn)*</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 31,034.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 35,062.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 34,206.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 37,062.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 31,539.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 35,062.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=2 valign=bottom width=31% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">*including non-controlling interest</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Total
Assets decreased by 5% to Rp57.88 trillion. Total liabilities decreased by 23%
to Rp22.82 trillion, while total equity increased 13% to Rp35.06 trillion. </font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Current assets</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
increased 12% to Rp9.37 trillion, mainly due to increase in cash and cash
equivalents</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Fixed assets</font></i><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
decreased 8% to Rp45.88 trillion as a result of network infrastructure growth
combine with accelerated depreciation of fixed assets related to the
modernization network infrastructure and supporting equipment</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Current liabilities
decreased 24% to Rp15.08 trillion following the lower balance of dividend
payable and decline in current maturities of medium-term loans</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">; and</font></p>

<p style="margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.25pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:14.0pt;">&#167;</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Non-current
liabilities decreased 19% to Rp7.73 trillion, mainly due to decrease in
medium-term loans</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September
30, 2011 Telkomsel had Rp6.70 trillion in loans outstanding after transaction
cost, of which Rp1.93 trillion was presented as current liabilities and Rp4.77
trillion as non-current liabilities.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:9.35pt;margin-top:0in;text-align:justify;"><b><font color=navy face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:9.35pt;margin-top:0in;text-align:justify;"><b><font color=navy face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Cash Flow</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash generated from operations in 9M11 was Rp18.59 trillion,
increase 22% compared to 9M10 following the decrease of license fees/ frequency
usage payment</font><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Cash flow for investing activities, which
was mostly spent for the acquisition property, plant, and equipment, decreased
28% to Rp5.33 trillion (approximately USD 604 million).</font><font color=red face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Net cash used in financing activities increased 34% to Rp9.55
trillion mainly due to lower proceed from loans</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">. In October 2011, we paid the remaining balance of dividend payable
amounted Rp1.6 trillion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.75pt;">
  <td rowspan=2 width=72% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">(in
  Rp billion)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cash Flow from Operating Activities</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15,195&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 18,592&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cash Flow for Investing Activities</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (7,435)</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (5,334)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cash Flow from Financing Activities</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (7,080)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (9,547)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Net Increase in Cash &amp; Cash Equivalents</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> 680&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,711&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Effect of Foreign Exchange Rate Changes</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (53)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> (12)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cash and Cash Equivalents at Beginning of Periods</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 3,641&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,222&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Cash and Cash Equivalents at End of Periods</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,268&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCCCFF;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 4,921&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=72% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Addition to Fixed Assets (incl. CIP)</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6,416&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5,426&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">ADDITIONAL INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Capital Expenditure
(&#8220;Capex&#8221;)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">During the nine months of 2011, TELKOM
and Telkomsel paid Capex that amounted to Rp2.5 trillion and Rp5.4 trillion,
respectively. TELKOM's Capex was utilized to enhance backbone infrastructure to
support the broadband and new businesses. Meanwhile, Telkomsel's Capex was
utilized for enhancing of network infrastructure, 3G and IT systems.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Loan/Debt</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.0pt;text-align:justify;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Consolidated
Debt</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The following
table presents the debt portfolio:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:12.75pt;">
  <td rowspan=3 width=10% style="background:white;border:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Currencies</font></b></p>
  </td>
 <td colspan=4 valign=bottom width=38% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Original
  (in million)</font></b></p>
  </td>
 <td colspan=4 valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Rp
  (in billion)</font></b></p>
  </td>
 <td colspan=4 valign=bottom width=24% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">Portion
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=19% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=19% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">YoY</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-right:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">QoQ</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M10</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">9M11</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">2Q11</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:10.0pt;">3Q11</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=10% style="background:white;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">IDR / Rupiah </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 18,930,955&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13,648,135&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15,254,794&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13,648,135&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 18,931&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13,648&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15,255&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 13,648&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 84.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 77.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 79.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 77.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=10% style="background:#CCCCFF;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">U.S. Dollar</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 265&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 307&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 325&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 307&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,367&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,704&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,790&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 2,704&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 14.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 15.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=10% style="background:white;border-left:solid black 1.0pt;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Japanese Yen</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 11,135&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,367&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,367&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 10,367&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,194&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,187&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,107&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 1,187&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 5.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-right:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 6.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=10% style="background:#CCCCFF;border:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 22,493&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17,540&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 19,152&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 17,540&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCCCFF;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:10.0pt;"> 100.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:1.15pt;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As of September 30</font><font face="Times New Roman" lang=IN style="font-size:10.0pt;">,&nbsp;</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> 2011, total
consolidated debts were amounted to Rp17.5 trillion, consisting of short term
and long term debts with values Rp4.2 trillion and Rp13.3 trillion,
respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.15pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">At the end of
this period, Net Debt to Equity Ratio (&#8220;Gearing&#8221;) reached 16.9% which was 13%
lower than the previous quarter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.15pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;margin-right:1.15pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">In 9M11, Telkomsel drew down USD58.04 million from existing
facilities. The remaining amount of facilities at the end of September 2011,
including facilities in foreign exchange, was equivalent to Rp5.77 trillion.
Telkomsel has to observe certain agreed financial covenants relating to its
loans/debts. As of September 30, 2011 these covenants were as follows</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:6.6pt;">
  <td valign=top width=62% style="border-bottom:solid windowtext 1.0pt;height:6.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" style="font-size:10.0pt;">Covenants to be maintained</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:6.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Required</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;height:6.6pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Actual</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">EBITDA to debt service</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&#8805; 1.25</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">4.72</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" style="font-size:10.0pt;">Debt to tangible net worth</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">&#8804; 2.00</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">0.20</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Recent Development</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Share Buy Back IV Program</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">To September 30, 2011, we
have bought back 141.31 million shares in the Indonesia Stock Exchange (&#8220;IDX&#8221;)
and New York Stock Exchange (&#8220;NYSE&#8221;) amounting to Rp1.03 trillion or 21% of the
program ceiling of Rp5 trillion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=blue face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Flexi EVDO Development</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:9.35pt;text-align:justify;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">For
serving Flexi customers on accessing data, we provide our BTS with Evolution
Data Optimized (EVDO) Rev-A technology. </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">EVDO Rev-A allows our customers to
freely access the internet via mobile phones and modems with speeds up to 3.1
Mbps.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Human Resources</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">By the end of
September 2011, we had 26,852 employees, with 20,650 employed by TELKOM as a
parent company and 6,202 employed at our subsidiaries. This represents a
decrease of 1.2% QoQ while for YoY remain the same due to the 12.5% increase at
our subsidiaries and the decrease of 3.2% at the parent company. </font></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As part of our
business transformation, we need to consistently achieve an optimum number and
composition of personnel to provide speed, expertise, efficiency and strengthen
the Company in facing competition. In this period, 762 of our employees
participated in early retirement program. These early retirements are effective
as of October 1, 2011 hence the number of employee will be 19.888 and incur
one-off costs for severance pay of Rp628.95 billion. Since 2002, a total of
13,414 of our employees have participated in the separation program, with a
total cost of Rp6.63 trillion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><b><font color=#FF3300 face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Awards and
Recognitions</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">We
have received a number of recognitions for our innovative products, reliable
network and excellent customer service. The following are the awards conferred
on us during the third quarter of 2011:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">TELKOM as the
Company</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Five
awards at the Indonesian Human Capital Study (&#8220;IHCS&#8221;) 2011 event from Business
Review Magazine. The awards were for the Best for Human Capital Index, the Best
for Employee Net Promoter Score, the Best for CEO Commitment, the Best for
Human Capital Initiative and the Best for All Criteria. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
Best Employer Brand Award from the Employer Branding Institute.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Asia&#8217;s Best Brand
award from CMO Asia, in the category of outstanding consumer products,
manufacturers and companies focusing in the trademarks and/or brands the
honorees carry.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Most
Consistent Dividend Policy and Strongest Adherence to Corporate Governance as a
capable company on delivering value for shareholders in a sustainable manner,
on the 5<sup>th</sup> Annual Best Financial Institution Awards 2011 event.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Annual
Report Award for the category of non-financial listed SOE/local enterprises.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Indonesia Green Award
2011 from La Tofi School of CSR and the Ministry of Forestry of the Republic of   Indonesia. Our subsidiary, Telkomsel, also received this award. The event was
held to recognize individuals and companies that appreciate the environment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Some of our
products garnered Digital Marketing Awards 2011 for the Great Performing Brand
in Social Media category. They were :</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI
</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">in
GSM simcard category;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Flexi
in CDMA simcard category;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Speedy
in internet provider fixed category; and</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">YesTV
in TV cable category.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">At the
Indonesian Customer Satisfaction Award (&#8220;ICSA&#8221;) event, our products also took
high honors. The winners were </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Kartu HALO </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(simcard postpaid cellular
category), </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI </font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(simcard prepaid cellular category), Flexi (postpaid
FWA simcard category), Speedy (service provider wireline/fixed category), and
Flash (internet service provider wireless/mobile).</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The Most
Valuable Brand for GSM simcard product category for </font><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">simPATI&nbsp;</font></i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> at the IBBA
Awards 2011 from SWA &amp; MARS.</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:3.0pt;margin-left:17.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Golden Ring
Award 2011 for Telkomsel as Best Operator, Best BlackBerry Internet Service and
for Telkomsel LangitMusik as Best Value Added Service from Wartawan
Telekomunikasi (Indonesian Telecommunication Journalists). At another event,
Telkomsel achieved the Service Star Award 2011 from Carre-CCSL (Center for
Customer Satisfaction and Loyalty) consultant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.0pt;text-align:justify;text-indent:-17.0pt;"><font color=blue face=Wingdings lang=EN-US style="font-size:9.0pt;">n</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Various awards
and recognition that were earned by our Directors:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Satellite
Executive of the Year for our CEO, Rinaldi Firmansyah, from the Asia Pacific
Satellite Communication Council (&#8220;APSCC&#8221;) at the Asia Pacific Awards 2011; and </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=blue face=Symbol lang=EN-US style="font-size:8.0pt;">-</font><font color=blue face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">The
&#8220;Nararya&#8221; Service Honor for Faisal Syam, our Director of Human Capital &amp;
General Affairs from the President of the Republic of Indonesia on the occasion
of the 66<sup>th</sup> anniversary of Indonesian Independence.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>








</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:750.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO) </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">P.
  T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CONSOLIDATED
  STATEMENT OF FINANCIAL POSITION (BALANCE SHEETS)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">JANUARY
  1, 2010 (AUDITED), DECEMBER 31, 2010 (AUDITED) AND SEPTEMBER 30, 2011
  (UNAUDITED)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:8.0pt;">(Figures
  in tables are presented in millions of Rupiah)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">January
  1,</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">December
  31,</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">September
  30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">2010&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">2010&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">2011&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CURRENT ASSETS</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,805,460&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,119,849&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,364,921&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Temporary investments</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 359,507&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 370,433&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 360,790&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Trade receivables</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Related parties - net of allowance for doubtful</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">accounts of Rp.93,483 million on 01/01/2010, Rp.151,266 </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">million on 31/12/2010 and Rp.1,367,479 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 604,768&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 780,043&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,240,220&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Third parties - net of allowance for doubtful accounts</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">of Rp.1,180,067 million on 01/01/2010, Rp.1,294,078 </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">million on 31/12/2010 and Rp.1,367,479 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,093,679&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,563,666&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,319,195&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Other receivables - net of allowance for</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">doubtful accounts of Rp.9,517 million on 01/01/2010, Rp.6,304 </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">million on 31/12/2010 and Rp.5,044 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 128,025&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 90,140&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 188,610&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Inventories - net of allowance for obsolescence of</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Rp.72,174 million on 01/01/2010, Rp.83,286 million on </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">31/12/2010 and Rp.93,217 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 435,244&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 515,536&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 538,626&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Advances and prepaid expenses</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,496,539&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,441,031&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,497,882&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Claims for tax refund</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 666,351&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 133,056&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 364,910&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Prepaid taxes</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 379,732&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 715,698&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 737,389&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Other current assets</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 125,482&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,175&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,014,280&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Current Assets</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 16,094,787&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 18,730,627&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,626,823&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">NON-CURRENT ASSETS</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Long-term investments - net</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 151,553&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 253,850&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 252,005&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Property, plant and equipment - net of accumulated depreciation </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">of Rp.72,716,079 million on 01/01/2010, Rp.83,712,378 </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">million on 31/12/2010 and Rp.85,893,765 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 76,419,897&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 75,832,408&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 73,160,948&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Prepaid pension benefit cost</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 497&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 988&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 821&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Advances and other non-current assets</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,488,842&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,052,695&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,604,373&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Goodwill and other intangible assets - net of accumulated </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">amortization of Rp.7,570,659 million on 01/01/2010, Rp.9,094,032</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">million on 31/12/2010 and Rp.9,497,380 million on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,428,280&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,784,525&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,739,395&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Escrow accounts</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 44,114&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 41,662&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 40,714&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Deferred tax assets - net</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 94,953&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 61,692&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 48,155&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Non-current Assets</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 81,628,136&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 81,027,820&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 78,846,411&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL ASSETS</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 97,722,923&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 99,758,447&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 99,473,234&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Trade payables</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Related parties</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,759,468&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,153,874&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 674,346&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Third parties</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,038,586&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6,356,921&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,017,168&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Other payables</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,162&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,953&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 58,850&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Taxes payables</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,749,789&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 735,690&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,241,626&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Dividend payables</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 405,175&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 255,545&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 522,236&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Accrued expenses</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,118,994&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,409,260&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,737,615&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Unearned income</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,946,532&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,681,483&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,670,600&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Advances from customers
  and suppliers</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 111,356&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 499,705&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 307,194&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Short-term bank loans</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 43,850&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 55,831&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 127,143&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Current maturities of long-term liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,716,213&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,303,636&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,271,788&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Current Liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 26,893,125&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,472,898&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,628,566&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NON-CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Deferred tax liabilities - net</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,220,510&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,073,814&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,804,568&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Unearned income</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 393,078&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 312,029&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 261,373&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Accrued long service awards</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 212,518&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 242,149&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 238,574&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Accrued post-retirement health care benefits</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,801,776&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,050,030&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 947,026&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Accrued pension and other post-retirement benefits costs</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 808,317&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 536,990&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 692,671&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Long-term liabilities - net of current maturities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Obligations under finance leases</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 541,575&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 408,867&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 330,799&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Two-step loans - related party</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,094,110&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,741,303&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,435,075&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Bonds and Notes</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 68,777&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,249,379&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,373,969&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Bank loans</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,086,688&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 10,256,205&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,521,675&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Non-current Liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,335,428&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 22,870,766&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 19,605,730&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 48,228,553&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 43,343,664&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 41,234,296&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">STOCKHOLDERS' EQUITY ATTRIBUTABLE TO EQUITY HOLDERS</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OF THE PARENT</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Capital stock - Rp.250 par value per Series A</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Dwiwarna share and Series B share</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Authorized - 1 Series A Dwiwarna share and</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">79,999,999,999 Series B shares</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Issued and fully paid - 1 Series A Dwiwarna share</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">and 20,159,999,279 Series B shares</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,040,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,040,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,040,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Additional paid-in capital</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,073,333&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,073,333&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,073,333&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Treasury stock - 490,574,500 shares on 01/01/2010, 490,574,500 </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">shares on 31/12/2010 and 631,883,000 shares on 30/09/2011</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,264,073)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,264,073)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5,293,049)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Difference in value arising from restructuring transactions and
  other </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">transactions between entities under common control</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 478,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 478,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 478,000&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Difference due to change of equity in associated companies</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 385,595&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 385,595&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 385,595&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Unrealized holding gain from available-for-sale securities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 18,136&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 49,695&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 44,804&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Translation adjustment</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 230,995&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 233,378&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 233,870&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Difference due to acquisition non-controlling interest in
  subsidiaries</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (439,444)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (484,629)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (484,629)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Retained earnings</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Appropriated</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,336,746&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,336,746&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,336,746&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=6 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Unappropriated</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,701,735&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 26,570,697&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 29,136,667&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Stockholders' Equity Attributable To Owners Of The Parent</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 38,561,023&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 44,418,742&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 45,951,337&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Non-Controlling Interest</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 10,933,347&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,996,041&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,287,601&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 49,494,370&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 56,414,783&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 58,238,938&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=60% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 97,722,923&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 99,758,447&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-right:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 99,473,234&nbsp;</font></b></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=49%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 <td width=11%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 <td width=13%>&nbsp;</td>
 </tr>
</table></div>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO) </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">P.
  T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CONSOLIDATED
  STATEMENTS OF COMPREHENSIVE INCOME </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NINE
  MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 (UNAUDITED)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:8.0pt;">(Figures
  in tables are presented in millions of Rupiah, except per share and per ADS
  data)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">2010
  *</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OPERATING REVENUES</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Telephone</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Fixed lines</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,747,300&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,747,905&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (10.3)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cellular</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,683,783&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,942,742&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3.4)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interconnection</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,774,793&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,625,299&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5.4)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Data, internet and information technology services</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,035,439&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 17,901,062&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 19.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Network</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 903,485&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 954,372&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Other telecommunications services</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,164,097&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,879,511&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 61.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Operating Revenues</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 51,308,897&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 53,050,891&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OPERATING EXPENSES</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,042,997&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 10,782,203&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2.4)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Personnel</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,427,255&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6,469,798&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 19.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Operations, maintenance and telecommunication services</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,042,417&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,784,356&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">General and administrative</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,726,590&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,792,888&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interconnection</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,277,133&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,530,606&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Marketing</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,598,371&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,369,700&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 48.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Operating Expenses</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 34,114,763&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 36,729,551&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OPERATING INCOME</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 17,194,134&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 16,321,340&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OTHER (EXPENSES) INCOME</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interest income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 289,266&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 385,640&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 33.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Equity in net loss of associated companies</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6,195)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,916)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (69.1)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interest expense</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,429,873)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,209,201)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (15.4)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Gain on foreign exchange - net</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 131,024&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (40,341)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (130.8)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Others - net</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 336,460&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 288,217&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (14.3)</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=2% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Other expenses - net</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (679,318)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (577,601)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (15.0)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">INCOME BEFORE TAX</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 16,514,816&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,743,739&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4.7)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">TAX (EXPENSE) BENEFIT</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Current</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3,534,697)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,293,507)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Deferred</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (796,510)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 255,707&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (132.1)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Tax (Expense) Benefit</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,331,207)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,037,800)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6.8)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">INCOME FOR THE PERIOD</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,183,609&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,705,939&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OTHER COMPREHENSIVE (EXPENSE) INCOME </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Foreign currency translation</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,994)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 492&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(124.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Change in fair value of available-for-sale financial assets -
  net of tax</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 32,620&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,891)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(115.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Other Comprehensive (Expense) Income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 30,626&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4,399)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(114.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL COMPREHENSIVE INCOME FOR THE PERIOD</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,214,235&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,701,540&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(4.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Income for the period attributable to:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Owners of the company</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,960,340&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,385,162&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(6.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,223,269&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,320,777&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">3.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Income for the period</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,183,609&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,705,939&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(3.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total comprehensive income attributable to:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Owners of the company</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,990,966&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,380,763&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(6.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,223,269&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,320,777&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">3.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Comprehensive income for the period</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,214,235&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11,701,540&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(4.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">BASIC EARNINGS PER SHARE </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Income per share</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 455.55&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 427.03&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(6.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Income per ADS (40 Series B shares per ADS)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 18,222.00&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 17,081.20&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">(6.3)</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=53% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:4.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman" style="font-size:8.0pt;">*as restated, refer to our Consolidated Financial Statements
  Note 2p</font></i></p>
  </td>
 </tr>
</table></div>




</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_17"></a><a name="_bclPageBorder17"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:11.25pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PERUSAHAAN
  PERSEROAN (PERSERO) </font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">P.T.
  TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CONSOLIDATED
  STATEMENTS OF CASH FLOWS </font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NINE
  MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 (UNAUDITED)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:8.0pt;">(Figures
  in tables are presented in millions of Rupiah)</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=bottom width=2% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:8.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">2010
  *</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Growth
  (%)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">CASH FLOWS FROM OPERATING ACTIVITIES</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash receipts from operating revenues</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Telephone</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Fixed lines</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,077,602&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,948,837&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (12.4)</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cellular</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,470,259&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,720,632&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3.5)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interconnection</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,775,877&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,558,012&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (7.8)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Data, internet and information technology services</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 14,338,474&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 17,770,990&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 23.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Other services</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,980,602&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,307,936&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 16.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Total cash receipts from operating revenues</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 49,642,814&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 51,306,407&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash payments for operating expenses</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (17,632,020)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (17,156,904)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2.7)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash payments to employees</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (7,178,349)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6,183,289)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (13.9)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash paid (refund) from (to) customers</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 248,487&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (190,896)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (176.8)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash generated from operations</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 25,080,932&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 27,775,318&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 10.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interest received</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 291,765&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 389,855&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 33.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Interest paid</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,349,692)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,196,637)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (11.3)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Income tax paid</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3,533,834)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3,856,500)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Net cash provided by operating activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,489,171&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 22,880,036&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">CASH FLOWS FROM INVESTING ACTIVITIES</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from sale of temporary investments and </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">maturity of time deposits</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 24,473&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,752&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (11.1)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Purchases of temporary investments </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">and placements in time deposits</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5,671)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (17,000)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 199.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from sale of property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,768&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 25,920&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 195.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Acquisition of property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (10,897,723)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (7,842,334)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (28.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Increase in advances for purchases of </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=53% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (524,422)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (569,905)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Decrease (increase) in advances, other assets and escrow
  accounts</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 224,330&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (165,317)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (173.7)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Business combinations, net of cash acquired</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (116,503)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (100.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Acquisition of intangible assets</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (612,051)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (356,680)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (41.7)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Acquisition of long-term investments</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (115,358)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (100.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Acquisition of minority interest in subsidiary</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (95,422)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (100.0)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Net cash used in investing activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (12,106,779)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (8,903,564)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (26.5)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">CASH FLOWS FROM FINANCING ACTIVITIES</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash dividends paid</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5,141,880)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6,084,415)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Cash dividends paid to non-controlling stockholders of
  subsidiaries</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2,188,700)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2,497,304)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 14&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from short-term borrowings</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 254,152&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 168,510&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (34)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Repayments of short-term borrowings</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (96,531)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (97,236)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from medium-term Notes</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 35,000&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (100)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Repayment of medium-term Notes</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (3,400)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (12,050)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 254&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from long-term borrowings</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6,901,356&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 941,655&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (86)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Repayment of long-term borrowings</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6,430,082)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5,237,084)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (19)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Proceeds from promissory notes</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 385,980&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Repayment of promissory notes</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (84,939)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Payment for purchases of treasury stock</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1,028,976)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=55% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Repayment of obligations under finance leases</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (166,194)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (145,858)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (12)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Net cash used in financing activities</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6,836,279)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (13,691,717)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 100&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">NET INCREASE IN CASH AND CASH EQUIVALENTS</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,546,113&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 284,755&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (82)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> ON CASH AND CASH EQUIVALENTS</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (410,284)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (39,683)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (90)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,805,460&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,119,849&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 17&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=57% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">CASH AND CASH EQUIVALENTS AT END OF PERIOD</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,941,289&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,364,921&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid windowtext 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td colspan=8 valign=bottom width=84% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman" style="font-size:8.0pt;">*as restated, refer to our Consolidated Financial Statements
  Note 2p</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
</table></div>








</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_18"></a><a name="_bclPageBorder18"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PT
  TELEKOMUNIKASI SELULAR (TELKOMSEL) AND SUBSIDIARIES</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CONSOLIDATED
  STATEMENTS OF FINANCIAL POSITION</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">DECEMBER
  31, 2010 (AUDITED) AND SEPTEMBER 30, 2011 (UNAUDITED)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">(Figures
  in tables are presented in billions of Rupiah)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Dec
  31 2010</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Sep
  30 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Growth
  (%)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CURRENT ASSETS</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Cash and cash equivalents </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,222&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,921&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 302.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Accounts receivables incl. unbilled revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 840&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,053&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 25.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Prepayments</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,856&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,289&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (54.9)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Assets held for sale</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,013&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Others</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 869&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,092&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 25.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">   Total Current Assets</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5,787&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,368&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 61.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NON-CURRENT ASSETS</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Long-term Investment</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Fixed assets - net of accumulated</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 49,118&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 45,883&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (6.6)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Advances for the purchase of fixed assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 304&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 536&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 76.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Intangible assets - net</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,019&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 998&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Prepayments - Non Current Portion</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 967&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 945&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2.2)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Others</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 128&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 130&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">   Total Non-Current Assets</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 51,556&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 48,513&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5.9)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL ASSETS</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 57,343&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 57,881&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 0.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Accounts payable &amp; Accrued Liabilities</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,547&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8,171&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Taxes payable</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 524&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 975&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 86.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Unearned revenue</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,467&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,417&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Dividend payable</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,596&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Current maturities of medium-term &amp; long-term loans</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,955&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,929&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (34.7)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">   Total Current Liabilities</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 13,493&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 15,088&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 11.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NON-CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Medium-term &amp; long term loans - net of current maturities</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6,604&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 4,775&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (27.7)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,672&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,462&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (7.9)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Others</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 368&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 494&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 34.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">   Total Non-current Liabilities</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,644&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,731&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> (19.8)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Capital stock - Rp 1,000,000 par value</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">        Authorized - 650,000 shares</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">        Issued and fully paid - 182,570 shares</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 183&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 183&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Additional paid-in capital</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,505&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,505&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">   Retained earnings</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 32,518&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 33,374&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">   Total Equity</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 34,206&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 35,062&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">TOTAL LIABILITIES &amp; STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 57,343&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 57,881&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 0.9&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>




</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_15"></a><a name="_bclPageBorder19"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PT
  TELEKOMUNIKASI SELULAR (TELKOMSEL) AND SUBSIDIARIES</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">CONSOLIDATED
  STATEMENTS OF COMPREHENSIVE INCOME</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">NINE
  MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=6 valign=bottom width=100% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">(Figures
  are presented in billions of Rupiah)</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">2010*</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Growth
  (%)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">OPERATING REVENUES</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Postpaid</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,324&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,251&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (2.2)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Prepaid</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 27,535&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 29,504&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     International roaming revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 514&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 520&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Interconnection revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,342&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,354&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Other (USO compensation &amp; network lease)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 369&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 400&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Operating Revenues</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 34,084&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 36,029&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 5.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">OPERATING COSTS AND EXPENSES</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Personnel</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,170&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,245&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 6.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Operation &amp; maintenance</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,774&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,835&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 0.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     General &amp; administrative</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 624&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 618&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Marketing </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 912&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,569&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 72.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Interconnection &amp; international charges</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,060&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,957&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (5.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Other operating expenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1,706&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2,255&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 32.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Depreciation </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,037&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7,591&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 7.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">Total Operating Expenses</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 21,283&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 23,070&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 8.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">EBIT (EARNINGS BEFORE INTEREST &amp; TAXES)</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,801&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,959&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 1.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">OTHER INCOME/(EXPENSES)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Interest income &amp; financing charges</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (597)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (359)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (39.9)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Foreign exchange gain</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 96&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (79.2)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Others - net</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 33&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 102&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">     Other income/(expenses) - net</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (468)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (237)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (49.4)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">INCOME BEFORE TAX</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,333&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 12,722&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">INCOME TAX EXPENSE</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,144&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3,213&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> 2.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=59% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">PROFIT FOR THE PERIODS</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,189&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 9,509&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td valign=bottom width=59% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=59% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;">EBITDA</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 19,838&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 20,550&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman" style="font-size:9.0pt;"> 3.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">EBITDA Margin - over oper. revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">58%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">57%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (1.2)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">ROA</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">21%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">21%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">ROE</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">42%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;">38%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> (4.0)</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;">* the 2010 figures were reclassified to conform with the 2011
  presentation</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=59% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>



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